Government
‘Profound Scarcity’: Apartments Available to NYC Renters Hit Historic Low Last Year
Jeanmarie Evelly |
The city’s housing vacancy rate plunged to 1.41 percent in 2023, the lowest it has been since 1968, officials announced Thursday. Options were particularly scarce for low-income New Yorkers: just 0.39 percent of units renting for under $1,100 were available last year.