NYC Comptroller Reports High Storefront Vacancy Rates in Key Neighborhoods
A report by New York City Comptroller Mark Levine highlights persistent storefront vacancy rates in several NYC neighborhoods, despite a general recovery from pandemic-induced vacancies. The report, titled 'Who’s Minding the Storefront? An Analysis of Storefront Vacancies,' reveals that while the citywide vacancy rate has improved to 11% as of April 2026, certain areas like Lower Manhattan, Battery Park City, and parts of Brooklyn and Queens still experience vacancy rates of 20% or higher. The report notes that many of these vacancies have persisted for over nine months, indicating a slow recovery in these areas. The analysis also shows that vacancies tend to cluster, with storefronts near vacant businesses more likely to remain unoccupied. 
