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Recent News

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

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. A 91-page summary analysis of the report from the city Department of Housing Preservation and Development paints a vivid picture of the rental landscape across the five boroughs, the places where renters live — and what they can afford.