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NYC vacancy rate is currently 4.5%, less than 1% above all time lows. Yes, artificial vacancy exists, especially in the ultra luxury market, but the data seems
by HDThoreaun 4y ago
NYC vacancy rate is currently 4.5%, less than 1% above all time lows. Yes, artificial vacancy exists, especially in the ultra luxury market, but the data seems to show the extent is overblown.
- jareklupinski 4y ago> More than 353,000 units were vacant but unavailable in 2021, up from 248,000 in 2017. A 42% increase in 'vacant but unavailable' sounds pretty significant, even if artificial... https://www.thecity.nyc/2022/5/17/23108792/nyc-apartment-vacancy-rate-housing-emergency https://www.thecity.nyc/2022/5/17/23108792/nyc-apartment-vac...