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The Answer Column: Do Landlords Get Tax Breaks For Vacant Retail Space? No doubt other people wonder about the same things you do, and this is a way to get the facts and information out For example, Christian Toth emailed us the other day asking for clarification on a question that keeps coming up in the debate about disappearing mom-and-pop shops: Do landlords get tax benefits from having empty stores?
Why Do Urban Storefronts Stay Empty for So Long? In our new working paper, “ Option Value and Storefront Vacancy in New York City,” Daniel Stackman and I analyze why storefronts remain vacant for long periods of time and assess the consequences of a possible vacancy tax
Why We Need To Rethink Vacant Retail Spaces - Storefront Mayor de Blasio just announced a potential vacancy fee or vacancy tax to penalize landlords who leave their storefronts vacant for long periods of time, possibly even making them register it in an official database
New Harvard Study Takes Issue with Vacancy Rate Taxes As a result, some cities have either enacted or proposed vacancy taxes designed to penalize building owners and landlords who purposely keep certain spaces empty The movement has even taken in residential space that is kept empty by owners, with voters recently in both San Francisco and Berkeley, California approving taxes on vacant dwellings
San Franciscos vacant storefront tax was meant to encourage landlords . . . Commercial landlords in many parts of San Francisco have to make sure their properties are leased — and not just because they miss out on rent if they don't In many areas within the city, there's a Commercial Vacancy Tax for empty storefronts
Vacancy tax proposal aims to reduce empty storefronts across Boston . . . Boston’s neighborhoods may soon see less vacant storefronts with a proposal for a new vacancy tax for empty storefronts in an effort to revitalize neighborhoods In a hearing on Nov 15, the City Council proposed a potential tax for landlords holding empty storefronts for a prolonged period of