As Rent-Stabilized New Yorkers See A Rent Freeze, Market Rates Are Also Falling

As Rent-Stabilized New Yorkers See A Rent Freeze, Market Rates Are Also Falling

Rents are down 8 to 10% in New York City.

Getty

As nearly 1 million rent-stabilized apartments in New York City receive a rent freeze in the midst of the coronavirus pandemic and economic fallout, landlords with market units are reducing rents by nearly 10% amid lower than usual demand.

Zillow

Z
-owned New York City listing site StreetEasyrecently found what it called a “significant…

View On WordPress