Map shows the storefronts studied in SoHo. Blue dots represent occupied stores; pink dots represent vacancies; yellow dots represent vacancies with construction or a store coming soon. Image Credit: NYC DCP

The causes of vacancies vary due to differences in local economies and other community characteristics. On August 8, 2019, the Department of City Planning released “Assessing Storefront Vacancy in NYC”, a report which examines retail patterns and storefront vacancies across 24 different neighborhood shopping corridors around the city. (more…)

The first info session for the “City of Yes” amendments was held on 10/17. The next session is today, 10/27. Image Credit: DCP.

On October 17, 2022, the New York City Department of City Planning (DCP) held an online information session to discuss Mayor Eric Adams’ “City of Yes” initiatives. The “City of Yes” was first announced back in June and focuses on three key areas of reform: Carbon Neutrality, Economic Opportunity, and Housing Opportunity. The amendments highlight the mayor’s desire to move away from “Not in My Backyard,” or “NIMBY” policies that restrict the development of housing, place restrictions on small businesses and where they can operate, and limits to how green technology can be implemented. In his initial announcement, Mayor Adams said, “We are going to turn New York into a ‘City of Yes’ — yes in my backyard, yes on my block, yes in my neighborhood.” (more…)

Mayor Adams signs two bills on October 18, 2022. Image Credit: Ed Reed/Mayoral Photography Office.

The two City Council measures will create a small business portal and require additional commercial property registration, respectively. On October 18, 2022, Mayor Eric Adams signed two bills, Intro 116 and Intro 383, to promote the city’s economic recovery. Intro 116 will help small business owners with City administrative needs and Intro 383 provides the city with more data about the extent of commercial vacancies citywide. (more…)

NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

Comptroller’s office analyzes other sources of data, concluding retail vacancy is citywide problem. On September 25, 2019, New York City Comptroller Scott M. Stringer released a report regarding New York City’s retail vacancy crisis. Comptroller Stringer’s report is intended to fill a void in unexplored data from City Planning’s August 8, 2019, analysis of the same topic.

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