Is good cause eviction causing tenants to stay put?

Good cause eviction was not expected to have much impact in New York City, for two reasons: 1. Gov. Kathy Hochul in 2024 watered down Sen. Julia Salazar’s original bill (which supporters and opponents alike had accurately deemed “universal rent control”). 2. The city’s rent-stabilized units — nearly half of the city’s rentals — already had the same automatic renewal rights that the new law provided tenants, as well as other protections. But what about the other half? The 1 million free-market units? Mitch Perle, principal at Timber Equities, commented on LinkedIn that good cause eviction has led to tenants […] This article originally appeared on The Real Deal. Click here to read the full story.