Vacant rent-stabilized apartment rate climbs despite persistent housing shortage
Vacant rent-stabilized apartments in New York City appear to be on the rise, adding another wrinkle to the increasingly contentious debate over the future of the city’s regulated housing stock. About 57,000 rent-stabilized apartments sat vacant last year, representing roughly 5.6 percent of the city’s approximately 1 million stabilized units, according to landlord filings obtained by The City Reporter through a Freedom of Information Law request. The latest figures mark an increase from the 3.7 percent reported in 2016, The vacancy rate briefly jumped to roughly 7 percent in 2021, when the pandemic emptied neighborhoods across the five boroughs. While […]
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