Stock Photo - A vacant retail space in New York on Sunday, April 1, 2018. New York Mayor Bill De Blasio has recently suggested that the city institute a vacancy fee or tax on landlords who leave storefronts unrented for long periods of time. Many shopping corridors in the city are blighted by empty storefronts as retailers are squeezed between a decline in foot traffic due to online shopping and rents that have reached untenable levels. Manhattan vacancies have jumped fro 2. 1 percent to 4. 2 percent from 2012 to 2017. ( © Richard B. Levine).

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