December 4, 2017

De Blasio to extend policy restricting number of street fairs in NYC next year

Mayor Bill de Blasio will impose a moratorium on permits issued for street fairs and festivals in 2018, restricting the number of new vendors allowed to set up shop. Last fall, the de Blasio administration pushed a plan that would reserve more permits for local businesses in hopes of diversifying the types of goods sold. Failing to convince elected officials and community board members of its goal, the proposal was later withdrawn. Despite this previous effort to overhaul street fairs, the mayor has decided to freeze the number of permits allowed for neighborhood street fairs next year, according to the New York Post.
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December 15, 2016

Are concessions and a high vacancy rate a sign the rental bubble will burst?

In the past year or so, there has been no shortage of talk about inventory glut, flat rental prices and bursting bubbles; Now, Slate blogger Henry Grabar has rustled up some numbers and real-life examples to go with the chatter, and we're guessing they weren't too hard to find. According to Grabar, a vacancy rate at its highest since 2009 (with a staggering amount of inventory in the pipeline), and the percentage of rental price chops at a record 42 percent in October point to an impending renter's market of comparatively epic proportions.
More on the horizon, literally

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