Flatiron District in Midtown South. Credit: Jeffrey Zeldman.

NEW YORK CITY– Brokerage firms are fielding multiple calls daily from landlords concerned about how commercial rent control laws will impact their retail businesses across the five boroughs if New York City Council enacts Intro 1796.

Commercial real estate advisory firm Avison Young in New York has been walking clients through the newly introduced rent control legislation, which will implement rent stabilization for retail properties. It’s currently the top concern for clients, Brent Glodowski, director in the tri-state investment sales group at Marcus & Millichap in New York, tells GlobeSt.com.

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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