Thursday, May 3, 2018

Tax Commercial Vacancies

Back in 2015, Benny's Burritos shuttered on Avenue A after 27 years in business. The space is still empty, creating more high-rent blight, a plague that is swallowing hyper-gentrified neighborhoods across the city.

Someone has a suggestion.

A vacancy tax has been on my wish list for a few years now. Recently, Mayor de Blasio mentioned it on WNYC. He said:

“I am very interested in fighting for a vacancy fee or a vacancy tax that would penalize landlords who leave their storefronts vacant for long periods of time in neighborhoods because they are looking for some top-dollar rent but they blight neighborhoods by doing it."

Now the street is speaking.


  1. Great idea, there are too many vacant properties due to excessive greed.
    Taxing commercial vacancies is a first step, the second step is redetermining what market value is, because these greedy landlords can demand any rent they want and yet keep the property vacant while claiming a loss with the fabricated rent. complete BS all around, and it's destroyed most of NYC.

  2. The neighborhoods suffering from the blight are already being gentrified, already being harmed by that. In that context, empty storefronts are no big deal and the people being hurt (other than business owners and their employees) actually deserve whatever s*** comes their way as a result.


Your comment will be received and held for approval. There's no need to post the same comment multiple times. It's coming through just fine.

NOTE: Comments are moderated by the blog owner. Your remarks and lively debates are welcome, whether supportive or critical of the views herein.

However, commentary that is intended to "flame" or attack, that goes off topic in order to flame, or contains violence, potential libel, and the like will not be published. Commenters who regularly harass or abuse, Anon or not, your comments come with an identifier and go directly to the Spam Box.

Please bear in mind, this is an individually run blog, not a democratic nation nor a wide-open public forum. Comment publication is entirely subject to the owner's discretion.

Thank you.

And a disclaimer: The views and opinions expressed by commenters are those of the commenter, and do not necessarily reflect the views and opinions of the blogger.