The number of independently owned restaurants in New York City fell by 1 percent year-over-year in the second quarter, according to a study by NDP Group, a market research firm. New York City saw the most restaurant closings of any metropolitan area by sheer number. The drop translates to the closure of about 430 restaurants between second-quarter 2008 and second-quarter 2009. The same 1 percent drop occurred nationwide, and the number of people going out to eat fell 2.6 percent nationwide, the largest dip since 1981. The NDP report predicted that the restaurant market will remain weak for at least another nine months.
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430 NYC restaurants close in year
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