Monday, 2 April 2018

De Blasio to retail landlords: Fill the space or prepare to pay the tax

Vacancy rates along Manhattan’s prime shopping corridors have exploded in recent years, as rents stagnate and building owners would rather wait out the market instead of chopping their prices. That’s led to a new form of blight in neighborhoods like the Upper West Side and Soho that are hardly known for it. Mayor Bill de Blasio, speaking with Brian Lehrer on WNYC last week, said he’d like to do something about it–or would like the […]



source https://therealdeal.com/2018/04/02/de-blasio-to-retail-landlords-fill-the-space-or-prepare-to-pay-the-tax/

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