Tag: Rental

Manhattan is facing significant rent increases, and residents are worried. Supply and demand forces are at play as residents who left during the pandemic return to the city. However, rent-stabilized properties aren’t safe either. According to The Rent Guidelines Board, the board held virtual meetings and public hearings to discuss increasing rent prices in rent-stabilized apartments up to 4.5% for one-year leases and up to 9% for two-year leases.