New York City’s rent guidelines board voted 5-4 on Thursday night to increase rents on nearly 1 million rent-regulated apartments across the five boroughs.
The rent guidelines board voted for rent increases on one-year leases of 2% to 4% and of 4% to 6% on two-year leases. The vote certifies an official recommendation that precedes a final vote in June.
The rent increase percentages certified by the board are slightly below the recommended numbers that had been floated by the board last month, which ranged between 4.5% on one-year leases and 9% on two-year leases.
The rent increases are the highest since Michael Bloomberg was mayor. Rent increases
→ Continue reading at Crain's New York Business
