Storefront Vacant Report Reveals NYC Is In A Retail Leasing Crisis

The Department of City Planning’s recent Storefront Vacancy Report brought rare clarity to the city’s retail leasing picture — a situation which many, Realty Check included, has called a crisis. As DCP Director Marisa Lago put it, the research shows that “the reasons for storefront vacancies are complex and varied.” In not allocating blame solely to greedy landlords demanding unaffordable rents, her report was a dramatic break with the views of many elected officials and city agency heads. Read more at New York Post.