chinatown stores

High Rents Force New York Chinatown Retailers to Seek Out Other Locations

Rong Xiaoqing

Just a few blocks north of Chen’s crammed shop is a different world. Ten or so spacious storefronts are completely empty, with “for rent” banners on the awnings covered in dust. Some of them have been left like that for more than a year, as new tenants can’t afford the increased rents after former tenants are pushed out. Thanks to skyrocketing rents in recent years, this eerie contrast – shops crammed into tiny spaces next door to vacancies of spacious storefronts -- has become a fixed image in Chinatown. 

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