Author Topic: Empty store fronts  (Read 34142 times)

Offline abcdefghijk

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Re: Empty store fronts
« Reply #150 on: February 24, 2019, 01:06:23 PM »
you're repeating yourself. another Trumpian tactic. you're better than that.

And here come the insults...

It's hilarious really. After all these years, the exact same pattern.

It reminds me of RUSSIAN DOLL on Netflix.  The content changes but the outcome is identical.

Offline Alfster

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Re: Empty store fronts
« Reply #151 on: February 27, 2019, 11:56:59 AM »
50 square feet? Nobody is going to develop micro stores to help small entrepreneurs. A bunch of small stores would be a real eyesore and probably a fire hazard. Rents may be expensive in but I like shopping in 1000sf+ stores.

50 SqFt?  What a waste that would be.  I can't imagine retail becoming so tiny.  What's next?  Set up card tables in pop up shops in long empty retail stores?  Sad

Offline abcdefghijk

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Re: Empty store fronts
« Reply #152 on: February 27, 2019, 12:26:32 PM »
50 square feet? Nobody is going to develop micro stores to help small entrepreneurs. A bunch of small stores would be a real eyesore and probably a fire hazard. Rents may be expensive in but I like shopping in 1000sf+ stores.

50 SqFt?  What a waste that would be.  I can't imagine retail becoming so tiny.  What's next?  Set up card tables in pop up shops in long empty retail stores?  Sad

Ok, great, 100 square feet minimum. The important point is really about the biz owner being able to buy the retail space and thus not being forced out.  (Folks seem to have gotten fixated on 50 square feet minimum).  If 1000 commercial square feet is 1 million dollars to buy, say...then 100 square feet could be $100K.  Pretty affordable for a biz (with a mortgage). And then no fear of commercial landlords raising rents,  leading to eviction, ever.  Just like for people who buy their apts/co-ops.

....This idea comes is in relation to the video in Steven Grey's comment above. 

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Quote from: StevenGrey on February 23, 2019, 01:44:31 PM
I thought I would share this video from Facebook about the empty storefront "crisis" here in NYC:

https://www.facebook.com/DisappearingNYC/videos/396486050928610/

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Offline KGDHP

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Re: Empty store fronts
« Reply #153 on: May 04, 2019, 03:43:39 PM »
Passed by the Ultimate Look space yesterday and there were definitely people inside renovating. Does anyone have any Intel on what might be coming? (Please not another bakery or pharmacy

Offline ljr

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Re: Empty store fronts
« Reply #154 on: May 04, 2019, 04:25:52 PM »
We do have a lot of bakeries now, more every day. Temptation lurks everywhere!

Offline itsit

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Re: Empty store fronts
« Reply #155 on: May 05, 2019, 02:56:28 PM »
 Is it true that AOC's office in the Bruson Building pays 17,000. in rent each month- at least I think I heard that-
so why wouldn't landlords hold out thinking that big payday will come? Its awful but unless our politicians can
change the laws this is the system we are stuck with.

Offline stevn

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Re: Empty store fronts
« Reply #156 on: May 06, 2019, 12:10:35 PM »
Is it true that AOC's office in the Bruson Building pays 17,000. in rent each month- at least I think I heard that-
so why wouldn't landlords hold out thinking that big payday will come? Its awful but unless our politicians can
change the laws this is the system we are stuck with.

Ocasio-Cortez said much of her office staff was comprised of people from the Jackson Heights community and she explained why she took space in the rebuilt Bruson Building located at 74-09 37th Ave. instead of former Congressman Joe Crowley’s old office suite. She said the landlord doubled the rent to $15,000 a month, but rent the third-floor offices at the Bruson Building is $5,400 a month.

https://qns.com/story/2019/03/05/ocasio-cortez-opens-district-office-in-jackson-heights-with-a-different-take-on-amazon/

Offline Shelby2

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NY Times feature on empty storefronts (not JH area)
« Reply #157 on: June 14, 2019, 12:38:57 PM »
https://www.nytimes.com/interactive/2018/09/06/nyregion/nyc-storefront-vacancy.html

This Space Available
By Corey Kilgannon
Photographs by Todd Heisler
Sept. 6, 2018

They proliferate like gaps in an otherwise welcoming smile, vacant storefronts along New York City’s most popular retail corridors.

They are stripped of their contents and their signs, replaced by For Rent banners that can be seen along entire stretches of otherwise thriving shopping zones.

“When you walk the streets, you see vacancies on every block in all five boroughs, rich or poor areas — even on Madison Avenue, where you used to have to fight to get space,” said Faith Hope Consolo, head of retail leasing for Douglas Elliman Real Estate, who said the increase in storefront vacancies in New York City had created “the most challenging retail landscape in my 25 years in real estate.”

A survey conducted by Douglas Elliman found that about 20 percent of all retail space in Manhattan is currently vacant, she said, compared with roughly 7 percent in 2016.

While a commercial crisis might more likely be associated with periods of economic distress, this one comes during an era of soaring prosperity, in a city teeming with tourism and booming with development.

That has aggravated the vacancy problem by producing a glut of new commercial real estate.


Particularly hard hit are gentrifying areas in Brooklyn and many of Manhattan’s top retail strips in some of the world’s priciest shopping districts, from Broadway in SoHo to Madison Avenue on the Upper East Side.

Soaring rents and competition from online shopping have forced out many beloved mom-and-pop shops, which many residents say decimates neighborhoods and threatens New York’s unique character. Then there is the blight that shuttered stores bring, including vagrants, graffiti and trash.

Some tenants blame the warehousing of storefronts by landlords waiting for development deals or zoning changes, or simply holding out for top rental dollars from large corporate retailers like drugstores, banks and restaurant chains. But even many national chains have shrunk their roster of stores.

Some landlords say they simply cannot find retail tenants willing to lock in long-term leases at rents that enable them to meet building payments. Others say that retailers are not biting, even at bargain rents. Whatever the factors, the vacancies are changing the look of the city’s streetscape.

Click link at top for article

Online dssjh

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Re: NY Times feature on empty storefronts (not JH area)
« Reply #158 on: June 14, 2019, 01:05:36 PM »
yes, modern developments like online retail are impacting the sector. but if you look at LoopNet once in a while, you'll see the same spaces vacant for 18 months, two years, no drop in the overly "ambitious" asking price. these landlords don't care if the spaces stay vacant. they get a break, and always will, even as tax breaks are taken away from homeowners.

Offline EmmBee

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Re: NY Times feature on empty storefronts (not JH area)
« Reply #159 on: June 14, 2019, 03:23:53 PM »
There has been talk about a fee charged to landlords that hold storefronts vacant for prolonged periods.  Sounds great to me.  I'm not sure if there's been much movement on this, though.

https://ny.curbed.com/2018/4/2/17188918/de-blasio-retail-blight-new-york-vacancy-fee


Offline Shelby2

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Re: NY Times feature on empty storefronts (not JH area)
« Reply #160 on: July 24, 2019, 05:30:48 PM »
https://gothamist.com/2019/07/24/empty_storefront_update.php

In A Bid To Help Small Businesses, New York City Will Start Tracking Retail Vacancies

In an attempt to respond to the well-chronicled struggles of small retailers, New York City will begin compiling a database of storefronts that will track vacancies and hopefully prompt future policies toward aiding small business owners.

The city has been in the grips of a vacancy crisis, which has been largely attributed to rising rents and the dominance of online retailers. With the passage of five bills on Tuesday, the City Council is hoping to gain a better understanding of the problem. Three of the bills require annual reporting on storefront vacancies, the business environment, and specific tracking of mom-and-pop shops. The data, which will be gathered by the Department of Finance, will include size as well as occupancy status and monthly rents if the property is being leased.

see link for more

Offline toddg

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Re: Empty store fronts
« Reply #161 on: August 08, 2019, 07:27:42 PM »

Offline Beherenow

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Re: Empty store fronts
« Reply #162 on: August 09, 2019, 08:56:29 AM »
"Jackson Heights has the Healthiest Retail Among 24 NYC Neighborhoods: Report"

Interesting. I suppose people have different definitions of "healthy." If it means a pharmacy  every two blocks and plenty of large retail banks that are practically deserted, JH wins!

Offline abcdefghijk

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Re: Empty store fronts
« Reply #163 on: August 09, 2019, 11:49:42 AM »
This got me thinking about that empty store next to Starbucks. I believe it used to be a hairdresser salon called Ingrid's...
That's a prime location...but has been empty for years now.

Offline JHMNY

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Re: Empty store fronts
« Reply #164 on: August 09, 2019, 12:06:04 PM »
This got me thinking about that empty store next to Starbucks. I believe it used to be a hairdresser salon called Ingrid's...
That's a prime location...but has been empty for years now.

I heard that a medical office currently located above the Starbucks is going to move to that corner Ingrid's space. But yeah, if that's the case, it's taking forever to happen.

Jackson Heights Life

Re: Empty store fronts
« Reply #164 on: August 09, 2019, 12:06:04 PM »