Roughly 8,400 businesses closed in the second quarter of 2025, according to the most recent city data, creating the largest net decline in business activity since before the pandemic.
An empty storefront in Lower Manhattan. The drop-off in New York City business activity was most pronounced in major commercial districts, according to the Economic Development Corporation.
“I want to be very public that there’s a new cop on the beat,” said Samuel Levine, the new commissioner of New York City’s Department of Consumer and Worker Protection.
Connexion
