Tag
Retailers, shipping companies and cities are working together to solve the problem.
New York, like many cities, wants to provide more housing and soak up empty office space. But the transition can be complex and costly.
Retail rents in Manhattan in late 2023 were still 20% to 30% below 2019 levels, thanks in part to fewer tourists and office workers.
In New York City, there’s been an uptick in landlords reporting tenants’ rents to credit bureaus, and not all renters are happy about it.
Will housing prices go down with fewer short-term renters around?
It’s unclear whether reducing the number of short-term rentals will free up housing for city residents.
The explosion of short-term rentals has exacerbated the city’s housing crisis.
Come October, Latanya DeVaughn, owner of mobile bookstore Bronx Bound Books, anticipates author events and a permanent spot at the mall.
Hard Hat Cats places feral cats in breweries, bodegas and other businesses looking for organic pest prevention.
The workers currently earn $7 an hour on average. Starting in July, they’ll make nearly $18 an hour before tips.