Small businesses outside Manhattan helped fuel the city’s recovery from the pandemic. Their rents have soared, and people of color are bearing the brunt of the increases.
From 2019 to 2021, the latest year for which data was available, the median storefront rent per square foot jumped 23% in Brooklyn, 14% in the Bronx and 9% in Queens
NYC Retail Rents Surged in Outer Boroughs, Led by Brooklyn therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.