NYC Politician Wonders Why Storefronts Are Empty

Jun 19, 2017

A New York City politician wants to fine landlords of commercial property if they don’t rent their properties. Manhattan Borough President Gale Brewer says, “Those are the heart and soul of your neighborhood. And I think when they’re empty for a long period of time you feel depressed.” Brewer surveyed an area of 244 blocks and found 188 empty store fronts. She thinks the vitality of neighborhoods is being killed off by the vacancies. But Brewer makes no mention of New York City’s high taxes, business licensing requirements, and the other costs that make it difficult to do business in the city. The Real Estate Board of New York opposes any legislation that would fine landlords for not renting their properties.