[link removed]

[link removed]

[link removed]

[link removed]

[link removed]
ICYMI: In Case You Missed It
[link removed]
City Storefronts Stay Empty, But Rent Won’t Come Down. Is Commercial Rent Control the Answer?

From 2020 to 2024, the number of vacant storefronts across New York City rose by nearly 30 percent. But during the same period, rents for commercial spaces declined by just 6.5 percent, according to a new report—what its authors say indicates a willingness, on the part of at least some property owners, to let storefronts sit empty for months rather than lower their price.

“The data show that in many areas of New York City, high rents and high vacancy often go hand in hand,” Irene Tung, senior director of program and policy at the Action Lab, said in a statement about the findings, which the group published alongside Small Business United and Main Street Alliance.

The report builds on numbers published by the city comptroller’s office in June, which counted approximately 15,700 empty storefronts across the city, putting the commercial vacancy rate at 11 percent (“healthy retail corridors,” the report says, should have no more than 5 percent of its storefronts empty). In many city neighborhoods, the comptroller found, up to 90 percent of vacant shops had been that way for at least nine months.

“Neighborhood businesses may want these spaces, but too often landlords keep storefronts vacant rather than lower rents to a level small businesses can actually afford,” Tung said.
Read the story. ([link removed])
Read More ([link removed])
What's ahead this week in housing: The Landmarks Preservation Commission will meet Tuesday morning regarding the proposed demolition of West-Park Presbyterian Church at 165 West 86th St., among other applications.

See more in our weekly NYC Housing Calendar ([link removed])
City Limits relies on reader support. Empower our local newsroom by giving today.
Donate Now ([link removed])
Want more City Limits news delivered to your inbox?
Subscribe to newsletters ([link removed])

============================================================
Copyright © 2026, City Limits, All rights reserved.

Our mailing address is:
8 West 126th St., New York, NY 10027

You can ** update your preferences ([link removed])
or ** unsubscribe from this list ([link removed])
.

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
City Limits . 8 W 126th St. . 3rd Floor . New York, NY 10027 . USA