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Crain's Op-Ed by John H. Banks: 'Vacancies are Rampant' and Other Myths of New York City Retail
May 14, 2018
Misunderstanding the market will lead to remedies that backfire
New York is unbeatable when it comes to our diverse restaurants, shops and boutiques. To those who say the sky is falling in the retail sector, bear in mind that it has been in a perpetual state of flux since the early days of brick-and-mortar commerce.
Unfortunately a number of false narratives have taken hold during the rise of online shopping. Here are 10 common myths about city retail and why they are not true. (CONTINUED...)