Gothamist: In Pandemic’s Aftermath, Calls Grow For NYC To Regulate Commercial Rents

Gothamist: In Pandemic’s Aftermath, Calls Grow For NYC To Regulate Commercial Rents. “The City Council’s small business committee is considering a controversial proposal to limit how much landlords can raise rents on commercial tenants. The measure, first introduced by City Councilman Stephen Levin almost two years ago, would apply to storefronts and offices up to 10,000 square feet, which could also include some supermarkets. Levin, who sits on the committee, said rising rents have forced small businesses throughout the city to shut down, and that the pandemic has exacerbated the problem, creating a proliferation of vacant storefronts. ”

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