Are taxes a solution to high-rent blight?

Across NYC, storefronts are shuttered and streets abandoned. The impact of e-commerce, long-term lease agreements, and soaring rents — which incentivize landowners to hold out for high-value retailers — has led to retail blight. Is a vacancy tax on retailers a potential solution? At our Sidewalk Talk on November 15, 2017, Oases RE principal Susan Fine gave the audience her take.

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