Smaller Retailers Slip Into Manhattan Storefronts as Rents Fall
Smaller business owners have seized the market’s weakness to snap up Manhattan retail space at low rents.
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Smaller business owners have seized the market’s weakness to snap up Manhattan retail space at low rents.
Commercial landlords are negotiating, and many entrepreneurs see this as the perfect time to expand.
Share via Shortlink Clockwise from left: Scott Stringer, Eric Adams, Shaun Donovan and Ray McGuire (Getty/Photo illustration by Kevin Rebong for The Real Deal) More than a year ago, the New York Post, citing unnamed sources, reported that Comptroller Scott Stringer would join a growing list of mayoral candidates rejecting campaign contributions from the real estate industry. That wasn’t quite true, it turns out: Landlords, brokers and other real estate players gave $10,560 to the city comptroller’s mayoral campaign in the past six months, according to an analysis by The Real Deal...