Latest retail rent control bill concerns market advocates

Posted by Staff Reporter on Oct 08, 2018 05:03 PM EDT
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(Photo : Wikimedia Commons)

Commercial rent regulation is once again on the New York City Council docket and this time around, a leftward swing in city and state politics has some free-market advocates worried it has legs.

Councilman Ydanis Rodriguez introduced the Small Business Jobs Survival Act in March, the latest in a long line of attempts to insulate retailers from the city's rising property values. After several months of dormancy, it is reportedly set for a hearing next month.

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