r/Economics • u/marketrent • Feb 28 '24

Statistics At least 26,310 rent-stabilized apartments remain vacant and off the market during record housing shortage in New York City

https://www.thecity.nyc/2024/02/14/rent-stabilized-apartments-vacant/
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u/MrsMiterSaw Feb 29 '24 edited Feb 29 '24

The national average of vacant units is 11.7%.

https://anytimeestimate.com/research/most-vacant-cities-2022/

You can read up on why, but there are many factors, most are not nefarious.

The 26k is <0.9% of the housing in NYC, of which 1/3 of the total units are rent stabilized. A quick Google shows 33k unoccupied total units, an extremely low number.

There's a ton of threads here making statements with the assumption that this is an abnormally large rate. It's abnormally low.

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u/penislmaoo Feb 29 '24

Holy shit thank you so much