Thursday, November 1, 2018

Are Landlords to Blame for New York’s Rising Retail Vacancies?

The storefront vacancy in Manhattan and across New York City is at unprecedented high levels. Years of increasing rents for retail space, growing competition from e-commerce players, changing consumer shopping patterns and retailers’ bankruptcies have left some of the country’s priciest retail submarkets with empty spaces.

New York City officials think they may have a way to fix that.. . . more