Zohran Mamdani’s disdain for NYC business is showing — painfully
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On Tuesday, Mayor Zohran Mamdani trumpeted in a tweet that New York City’s storefront vacancies had hit a post-pandemic low. Turns out he popped the champagne cork too soon. City Comptroller Mark Levine released a report on Thursday that put the numbers in context — and showed the city lagging the nation. Before the COVID-19 pandemic, the local retail vacancy rate stood at 10.5%. As of April, it was 11% — about 15,700 empty storefronts. The national vacancy rate was 4.08% in 2024, below the
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