Walter Shapiro @MrWalterShapiro
This has long been a big mystery. Even before the pandemic, dozens of small businesses and restaurants on the Upper West Side were forced out by usurious rent increases. Then the storefronts sit vacant for 5 years. Is it banks that won't let over-leveraged landlords lower rents? — PolitiTweet.org
Joe Nocera @opinion_joe
@powellnyt @EaterNY Somebody needs to explain the economics of tossing out businesses when there is no hope of renting to someone else.
