Residential Real Estate

Queens Apartment Vacancy Hits Historic Low as Construction Slowdown Raises Concerns About Future Housing Supply Queens apartment vacancy has fallen to a record low as multifamily construction slows sharply, raising concerns about future housing supply and rent growth. Queens' rental market is growing more competitive as apartment vacancies decline and the borough's once-robust multifamily construction...

Understanding the Policy Decision and Its Far-Reaching Implications In a landmark decision that delivers on a central campaign promise, the New York City Rent Guidelines Board voted 7-1 on June 25, 2026, to freeze rents on both one-year and two-year leases for approximately one million rent-stabilized apartments across the five boroughs. The freeze takes effect October 1, 2026, and extends through...