Almost 65K vacant rent-stabilized apartments, DHCR reports

https://www.crainsnewyork.com/real-estate/median-rent-new-york-stabilized-apartments-roughly-1500-report-says

Crain's New York Business

January 03, 2023 01:17 PM

65K vacant rent-stabilized apartments 'above the historical norm,' report says

EDDIE SMALL   

EXCERPT:

Almost 65,000 of these apartments were registered as vacant in 2021, according to the report. Division of Homes and Community Renewal Commissioner RutheAnne Visnauskas wrote that this was "above the historical norm" and cited New Yorkers leaving the city during the height of the pandemic as the likely factor. Preliminary data for the 2022 cycle indicates that the surge has receded, the report says.