Why is New York Full of Empty Stores?

In his classic 1949 essay “Here Is New York,” E. B. White described the city as “a composite of tens of thousands of tiny neighborhood units,” each “virtually self-sufficient” with shops that met most residents’ basic needs, from groceries to shoes, from newspapers to haircuts. Every neighborhood was so complete, White wrote, “that many a New Yorker spends a lifetime within the confines of an area smaller than a country village.”

Photo


Credit
Andrew Burton for The New York Times

Nearly seven decades later, that observation is still largely valid, but it is being sorely tested by a scourge of store closings that afflicts one section of the city after another, notably in Manhattan and parts of Brooklyn. This plague has been underway for several years, but its familiarity does not diminish the damage inflicted on the economic and the psychic well-being of neighborhoods. One by one, cherished local shops are disappearing, replaced by national chains or, worse, nothing at all. To borrow from Tim Wu, a Columbia University law professor who has examined the issue, “Blight extracts a social cost.”

Thus far, coming to grips with the problem has not been a de Blasio administration priority. But it should be high on any to-do list in its second term.

Photo


Credit
Andrew Burton for The New York Times

“For lease” signs all but define every block in some neighborhoods, rich as well as poor. Take the Upper West Side. Its City Council member, Helen Rosenthal, reports that her staff recently surveyed shops along Broadway and Amsterdam and Columbus Avenues, and on some side streets. Of 1,332 storefronts, 161, or 12 percent, were unoccupied. The situation, Ms. Rosenthal correctly says, is a threat to the area’s character, its “sense of community” and even its residents’ sense of safety. While a comparable citywide census of empty storefronts is needed, the Upper West Side is obviously not alone.

On one level, there’s just so much the city can do. Online shopping is here to stay, and it takes an inevitable toll on brick-and-mortar stores.

But landlords can be blamed mightily for this blight — the greedy among them who raise rents to stratospheric levels, figuring that some deep-pocketed company will pay top dollar for the space. Speculative behavior…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *