June 5, 2026
Though New York City’s storefront vacancy rate has rebounded since the pandemic, some neighborhoods still have retail vacancy rates as high as 20 percent, according to a new report. Released on Thursday by the city's Comptroller Mark Levine, the report, titled "Who's Minding the Storefront? An Analysis of Storefront Vacancies," found that while the citywide vacancy rate has returned to near pre-pandemic levels, parts of Lower Manhattan, Battery Park City, Northern Brooklyn, and Western Queens continue to see retail vacancy rates at or above 20 percent. Citywide, roughly 15,700 storefronts remain vacant, representing an 11 percent vacancy rate, about half a percentage point above pre-pandemic levels.
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