Commercial Rent Stabilization and Tax for Empty Storefronts
Protect small businesses from unreasonable rent increases and reduce empty storefronts. Small businesses have no protections while landlords have nothing to deter them from holding out for the highest paying corporate enterprises. This is destructive to small businesses, makes it difficult to start new businesses, and destroys neighborhoods. Small businesses are the soul of NYC. Stabilize commercial rents together with tax laws that that penalize long-term empty storefronts.
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