How you know you're in a bubble
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Growing problem all over NYC (& countless other cities in next wave of gentrification). Bklyn's Smith St has at least 20 vacant storefronts
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This is great .These greedy landlords deserve this . Empty spaces
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Shameful, neighborhood squares build security! Time to take to your local
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sums up the whole country I'd say.
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Not to worry. NYC's Mayor will fix that after he wakes up from his nap.
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Attract pop-ups to spur innovation and possibly feel out for a long-term tenant. With reasonable per square foot rent to start.
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The ability of landlords to partially write off empty store space losses on their taxes is one cause of this.
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So shouldn't the market dictate a drop-in rents?
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The rents are too damn high. That is all.
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It is a matter of time till landlords will capitulate causing a drop in real estate values that gone unrealistic
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We have lost our collective minds when playground for the rich is now affordable only for super-rich who have plundered nat'l treasuries.
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can you imagine paying 100k+ just to store your trash?!
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won't say who, but I know of a company that paid 80,000 a month for a floor for trash. And that was just 10 years ago.
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