Three Entire Malls Leave NYC… Over Theft

Recent questions

• Why are retail thefts increasing in New York City?

  Retail thefts in New York City are on the rise due to a spike in shoplifting incidents not seen since 1995. Professional thieves, often working in criminal organizations, are targeting retailers, leading to a lack of action against shoplifting. Small business owners and workers are frustrated with the lack of consequences for criminals, who feel emboldened and unafraid of repercussions. The mixed messages from Mayor Adams about the city's control over crime contribute to a sense of lawlessness, further fueling the increase in retail thefts.

• What challenges do underground malls in New York City face?

  Underground malls in New York City are struggling due to various challenges. These include design flaws, a lack of anchor stores, and a deteriorating environment, resulting in high vacancy rates. The decline of these malls is exacerbated by crime in the subway system, with violent attacks and a lack of security deterring customers and businesses. Additionally, the city's policies protecting criminals and failing to address crime have led to the downfall of these underground malls, with only a few businesses like convenience stores surviving.

• How do thriving malls in other parts of the country differ from those in New York City?

  Thriving malls in other parts of the country differ from those in New York City by adapting to include experiential elements like gyms and casinos. While these malls have evolved to meet changing consumer preferences and offer positive experiences for customers, underground malls in New York City struggle to attract tenants due to crime, dilapidation, and a lack of positive experiences. The contrast highlights the importance of adapting to consumer demands and creating engaging environments to drive foot traffic and business success.

• Why are underground malls in New York City struggling to attract businesses?

  Underground malls in New York City are finding it challenging to attract businesses due to various factors. Despite increased rents for street-level businesses, the underground malls face issues such as crime, dilapidation, and a lack of positive experiences for customers. Additionally, stringent MTA standards for opening stores make it four times harder to open a store in the underground mall compared to on the street. These factors, combined with the lack of consequences for criminal behavior in the subway, create a lawless environment that hinders business success and deters companies from setting up shop in these malls.

• What poses a significant challenge to combating retail crime in New York City?

  A significant challenge to combating retail crime in New York City is the issue of repeat offenders. Criminals are often released after minor offenses like shoplifting due to bail eligibility criteria, contributing to the rise in retail thefts. This poses a challenge to maintaining a safe, thriving business environment, necessitating changes in laws and enforcement to secure the subway system and prevent further abandonment of infrastructure. Addressing the issue of repeat offenders and implementing stricter consequences for criminal behavior are crucial steps in combating retail crime and ensuring a safer environment for businesses and customers in the city.