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The economic realities behind the city’s “storefront tracker” bill

A new law passed by City Council last month will require landlords to register the status of their commercial storefronts, as the city seeks more data in its efforts to combat retail vacancies and support small businesses. Meanwhile, new research has questioned whether the phenomenon of empty storefronts is as widespread as feared, and some in the industry note that rents have already begun adjusting to the new retail reality, Bloomberg reported. “Landlords still have […]

The Real Deal New York

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