Monday, September 10, 2018

Why one fifth of Manhattan storefronts are vacant

The Real Deal
Despite a boom in development and tourism, life for NYC’s retailers is getting worse and worse.

Douglas Elliman’s recent survey of Manhattan found that 20 percent of storefronts were vacant, compared with the brokerage’s 2016 results that found 7 percent vacancy. Borough president Gale Brewer conducted a study last year that found 188 empty stores along Broadway Avenue alone. . . . more