The industry is coming out swinging against legislation that would limit the ability to hike retail rents

Don’t fret if you missed the City Council’s roughly eight-hour hearing on the so-called commercial rent control bill. The upshot is that the real estate industry doesn’t like it. The controversial legislation — officially known as the Small Business Jobs Survival Act — aims to alleviate widespread retail closures and vacancies. It would do so by granting retail tenants 10-year lease renewals at their existing rents as long as they meet the terms of their current […]

source https://therealdeal.com/issues_articles/rebuffing-rent-control/#new_tab