BBG News

Sherwin Belkin Quoted in The City About the Vacancy Rate and Rent Regulation

Jul 30, 2020

Newly released numbers highlight big changes in the residential rental market. Rents appear to be dropping for the first time in years as many residents have left New York. It’s unclear if these departures are permanent or temporary. This flight from the city has big implications on the vacancy rate, which must be 5% or less to justify a state of emergency and regulation.

Read the full article in The City

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