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New Yorkers May Actually See the Elusive Rent Freeze — Design News

by LiveModern Webmaster last modified Apr 19, 2015 01:05 AM
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by Tara Bellucci last modified Apr 18, 2015

According to the Rent Guidelines Board's annual report this week, landlords only experienced a .5% increase in operating costs last year, the smallest increase since 2002. It's looking like, come June, New Yorkers might see the first rent freeze on stabilized apartments in the Board's 46-year history. Last year, it came close, with a 1% increase for a one-year lease, and a 2.75% increase for a 2-year lease. READ MORE »






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