Vacancy Crisis: Empty Storefronts Blanket Upper East Side
UPPER EAST SIDE, NY — For years, Upper East Siders have observed growing numbers of vacant storefronts in the neighborhood. Then the pandemic hit.
The coronavirus threatens to unleash a retail apocalypse on New York City, having already shuttered scores of beloved neighborhood eateries and other businesses facing unfulfillable rent payments and a lack of aid from the federal government.
Before the crisis, vacancies were already mounting — a trend that Upper East Side City Councilmember Ben Kallos blames partly on landlords "demanding rents that only national chains and banks could pay."