Economy
NYC’s Stabilized Tenants Stare Down Further Rent Hikes, Recalling Bloomberg Era
Emma Whitford |
The Rent Guidelines Board Tuesday voted in favor of rent hikes between 2 to 5 percent for a one-year lease and 4 to 7 percent for two-year leases. A final vote won’t happen until June, but the preliminary numbers have historically set the goalposts: annual adjustments have fallen within these ranges since 2004, when the board began using them.