With the defeated pied-à-terre tax in its rearview mirror, the real estate industry is now gearing up to soften the bite of the city’s so-called commercial rent control legislation. The Real Estate Board of New York is working to propose alternatives to the City Council’s Small Business Jobs Survival Act (SBJSA). The legislation would give commercial tenants a right to a lease renewal, and would have an arbitrator set the rent when a property owner […]
source https://therealdeal.com/2019/04/10/rebny-gearing-up-for-policy-fight-on-commercial-rent-control/
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