Rent Price Control in NYC

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Do you live in an area where the rent is too high for no reason? Living conditions in New York City are different amongst areas. For instance, in Times Square, affording a studio apartment is typically for the rich upper class whereas Harlem, the apartments are typically small with rent prices that go above 1800 to 3000. But not only does his involve houses. Even stores have to pay too much rent for example the toys R us in Times Square. They closed down because the rent was just too high for them to afford it. 

 What policy can we come up with for homeowners to decrease the price? Petitioning the Mayor of New York City gives a high chance of the rent to decrease and for it to be affordable for everyone