NYC Apartment Vacancy Rate Jumps Up, But ‘Housing Emergency’ …

May 17, 2022 · The report found that 4.54% of all New York apartments are vacant as of 2021. That’s up from 3.63% in 2017, the last time the survey was completed. That figure is critical to rent regulation in New York. The law underpinning regulated apartments is premised on a “housing …

CouponFollow Extension

54%
OFF

NYC Apartment Vacancy Rate Jumps Up, But ‘Housing Emergency’ …

4 weeks from now

thecity.nyc

5%
OFF

NYC Apartment Vacancies Fall To Lowest Level Since 1968

4 weeks from now

Feb 12, 2024 · The last time the survey was conducted, in 2021, the vacancy rate for apartments was 4.5%. NYC officials say any vacancy rate that is less than 5% constitutes a housing …

globest.com

4%
OFF

NYC Housing Toughest Since 1968 - LinkedIn

4 weeks from now

The rental vacancy rate in NYC dropped to 1.4% in 2023 its lowest since 1968. This is the clearest evidence of the "housing emergency" in NYC. 🚨 What's striking is that the vacancy rate …

linkedin.com

$1100
OFF

HPD Announces Historically Low Rental Vacancy Rate

4 weeks from now

Feb 13, 2024 · Out of 2,357,000 total rental units citywide, only 33,210 units were available for rent. Apartments that went for less than $1,100 a month only had a vacancy rate of 0.39 …

citylandnyc.org

18%
OFF

Homelessness Surges By 18%, With Housing Costs To Blame, HUD …

4 weeks from now

4 days ago · The largest jump was for children; nearly 150,000 were homeless on the targeted January night, a 33 percent increase from the year before, according to the report.

washingtonpost.com

FAQs about NYC Apartment Vacancy Rate Jumps Up, But ‘Housing Emergency’ … Coupon?

How often is the New York Housing & Vacancy Survey conducted?

The Housing and Vacancy Survey is usually conducted every three years by the U.S. Census Bureau at the request of the City of New York. The survey’s findings have big implications for tenants. By law, New York City can only renew rent regulations if the City Council votes to find a “rent emergency,” defined as a vacancy rate of under 5%. ...

What is a 'housing emergency' in New York?

That figure is critical to rent regulation in New York. The law underpinning regulated apartments is premised on a “housing emergency,” defined by a vacancy rate below 5%. During the pandemic’s early months, lawmakers and landlord groups mobilized to address the possibility that an emptying city would push the vacancy rate above that 5% threshold. ...

Is New York City's housing crisis getting worse?

The data suggests New York City’s housing crisis is only getting worse, especially during the economic rebound from the coronavirus pandemic. The 1.4 percent rate was down from 4.5 percent in 2021, the last time the survey was conducted. New York officials consider a vacancy rate of less than 5 percent a “housing emergency.” ...

What is New York City Housing & Vacancy Survey 2023?

Introduction Last week, the triennial New York City Housing & Vacancy Survey (HVS) for 2023 was released, detailing the tightest housing market in the city in over 50 years. The rental vacancy rate fell to a multi-decade low of 1.4%, down dramatically from 4.5% in (pandemic) 2021 and 3.63% in... ...

Does New York City have a high vacancy rate?

There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period, median monthly rent rose from $1,500 to $,1641 — and that includes everything from luxury high-rises to public housing. ...

Does New York City have more vacant apartments than 5 years ago?

New York City has more vacant apartments overall than it did five years ago even as units with monthly rents under $1,500 have dried up, according to a new report that also shows maintenance issues are surging across the board. The highly anticipated 2021 Housing and Vacancy Survey (HVS) arrived a year late on Tuesday, delayed by the pandemic. ...