#2,266 - Number of vacant NYC storefronts doubles since pandemic: - Council blames "zoning"

News For Reasonable People

English - April 30, 2024 10:00 - 27 minutes - 24.8 MB - ★★★★★ - 7 ratings
Investing Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #2,265 - S&P SLASHES San Francisco Debt Outlook to "NEGATIVE": Is the Doom Loop INESCAPABLE?

Next Episode: #2,267 - Hundreds of Migrants arrive by train at El Paso-Juarez border looking to illegally cross

Empty retail space in New York City has nearly doubled since the pandemic, according to data released Wednesday — as officials warned the troubling vacant storefronts aren’t going away.

Only 6% of Big Apple storefronts sat empty in 2019, compared to nearly 11.2% this year, statistics from the city Department of Finance show.

“These vacancy issues, I thought they would end when the pandemic ended but it has not. It continues to be a problem,” said Councilmember Gale Brewer (D-Manhattan), whose Upper West Side district has been hit hard by the scourge.

“They are creating havoc because there is homeless, garbage and the business next door hurts,” she added.