Rents came down for, like, a month or two, and then everyone started trying to make up for what they lost,” said Paula Segal, an attorney with TakeRoot Justice, which offers legal services to small commercial businesses.
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Small businesses often given cheaper rents for the first year of a lease as an incentive, but then “it doubles in year two because the landlord is trying to make up what they lost during Covid.”
The City has the legal authority to suspend rents for commercial tenants impacted by the pandemic and stabilize commercial rents in the long term. By Paula Z. Segal, Cheryl Walker and Catherine Humphreville May 15, 2020 Having reduced her restaurant to
New executive order from Gov. Andrew M. Cuomo amending rules for commercial and residential evictions during the coronavirus pandemic could be particularly challenging for small businesses, according to senior staff attorney at TakeRoot Justice.
TakeRoot is committed to standing with our partners and their communities as they face the coronavirus pandemic. We have created resources for Organizations, Worker Coops and Small Businesses, for Workers, for Consumers, for Immigrants, and for NYCHA Residents & Organizers.
Our Capacity Building team strengthens the solidarity economy in New York and supports workers as owners and decision makers. In collaboration with our longtime partners, the NYC Network of Worker Cooperatives and Green Worker Cooperatives, we legally formed New York
Uptown Council Member Helen Rosenthal‘s legislation which mandates the tracking of commercial storefronts across New York City, and a public database of vacant storefronts, was passed by the City Council today.