Q&A
Coordination between SBS and DCLA on storefront vacancies
0:28:08
·
59 sec
Council Member Feliz asks about coordination between SBS and DCLA on storefront vacancies. Haris Khan explains that SBS has regular conversations with DCLA and other city agencies on economic recovery challenges, including storefront vacancies.
- SBS engages in regular discussions with DCLA and other city agencies on economic recovery challenges
- The city has reached a record-breaking number of 183,000 small businesses
- Vacancy rates are generally improving: 3 out of 5 boroughs have vacancy rates less than 10%
- Challenges persist in Central Business Districts affected by work-from-home trends
- Outer borough areas are experiencing a strong resurgence, supported by SBS data
Oswald Feliz
0:28:08
Okay.
0:28:08
And can you also elaborate on how you coordinate with the UCLA storefront vacancies?
Haris Khan
0:28:14
So we have regular conversations with the DCA and a variety of city agencies on challenges that come up in the city in terms of economic recovery.
0:28:24
We're in a really bright spot at this point now.
0:28:26
We are at 183,000 small businesses.
0:28:30
Highest the record breaking number.
0:28:31
We've never been at this number before.
0:28:34
There are persistent challenges in in vacancies.
0:28:37
And council member, we had a hearing right a couple of months back on this particular topic.
0:28:41
But we're seeing overall the city's recovery has been incredibly strong.
0:28:45
3 out of the five boroughs have a vacancy rate less than 10%.
0:28:49
2 of them are around 10%, 11%, and really concentrated around Central Business District in areas where work from home has taken a hit on the economy.
0:28:58
We're seeing a tremendous outer border resurgence, and that's backed by some of the life xyz and vacancy data that we have at SBS.
