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Community Service Society

Coverage of Community Service Society in the Nexus archive.

Earliest in view: Jul 6 · 09:00 UTCMost recent: Jul 6 · 09:00 UTC
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  • BUSINESSJul 6 · 09:00 UTCTHE CITY NYC
    Rate of Vacant Stabilized Apartments on the Rise After Pandemic-Era Spike

    The vacancy rate for rent-stabilized apartments in the city increased from 3.7% in 2016 to 5.6% in 2025, with a spike to 7% in 2021 during the pandemic. The data, obtained via a FOIL request, shows rising vacancies in most boroughs except Manhattan, though the reasons for vacancies remain unclear. Analysts suggest factors like post-eviction moratorium court cases and landlord financial struggles may contribute.