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Empty Apartments Puzzle in NYC | Real Estate News
New York City’s rent-stabilized vacancies are surging outside Manhattan, hitting seven percent during the pandemic and staying stubbornly high—thanks to rising costs, rent freezes, and outdated laws that make it harder for landlords to re-lease units, especially in older outer borough buildings. While advocates caution against reading too much into the numbers—some vacancies are just temporary or due to repairs—the financial squeeze is real, with landlords struggling to cover insurance, taxes, and renovation costs under tight rent controls. Listen in comfort:Get a discount on a Soli Pillow…
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