
Report: Morningside Heights Empty Storefronts and Community Needs
An Executive Summary and Conclusion follow. Small businesses in New York City are shutting down at an alarming rate. Across the five boroughs, the citywide retail vacancy rate increased by 45% from 4.0% in 2007 to 5.8% in 2017. [1]. Rates of vacancies are higher in the outer boroughs than in Manhattan; however, the growth in vacancy rates in Manhattan remains troubling and outpaces that … Continue reading Report: Morningside Heights Empty Storefronts and Community Needs