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

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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

via MUG

Matt Coneybeare

Matt Coneybeare

Founder, Publisher and Editor-in-Chief

Matt enjoys exploring the City's food scene with his Wife and the outdoors with their three dogs. He is an avid marathon runner, and spends most of his time working from a treadmill desk at home.

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