Takeaway Stats from the NYC Rent Guidelines Board's Housing Supply Report

Data taken from the NYC Rent Guidelines Board's 2015 Housing Supply Report.

• The citywide vacancy rate was 3.45% in 2014

• Number of units citywide in accepted condo and coop plans:

  • 1987: 45,098
  • 2014: 9,573

• More than 61% of NYC's rental housing stock units are in buildings constructed prior to 1947

• A total of 1,513 buildings were demolished in 2014

  • 17.7% increase over the prior year, following an increase of 14.6% in 2013
  • Queens accounted for 36.7% of all the buildings demolished in 2014

• New York City in 2014 had a total of 3,400,093 housing units

  • Of the 2,184,297 occupied and vacant rental units, 38.9% were unregulated, or 'free market'
  • The remaining units were rent regulated, including:
    • Pre-war (pre-47) rent stabilized (35.1%)
    • Post-war (post-46) rent stabilized (12.1%)
    • Rent control (1.2%)
    • Various other types of regulation programs (12.8%)

• Permits for 20,483 new dwelling units were issued in New York City in 2014

  • 13.8% increase over the prior year
  • 5 consecutive years of increases

• 12.2% of all rental housing in New York City in 2014 was overcrowded.

  • Defined as more than 1 person per room, on average

• 4.7% of all rental housing in New York City in 2014 was severely overcrowded

  • Defined as an average of more than 1.5 persons per room
    

• 35,000 Airbnb rentals listed

  • Up to 72% illegal rentals