{"id":123287,"date":"2026-02-04T23:51:16","date_gmt":"2026-02-04T23:51:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/123287\/"},"modified":"2026-02-04T23:51:16","modified_gmt":"2026-02-04T23:51:16","slug":"nyc-rent-gridlock-squeezes-renters-and-future-buyers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/123287\/","title":{"rendered":"NYC rent gridlock squeezes renters and future buyers"},"content":{"rendered":"<p>\u201cNew York City\u2019s rental market is effectively locked in place,\u201d said Danielle Hale, chief economist at Realtor.com\u00ae.<\/p>\n<p>\u201cAsking rents are rising, while at the same time, the inventory for units is being squeezed by record\u2011low turnover.\u201d<\/p>\n<p>Rents climbed as mobility stalled<\/p>\n<p>The report <a href=\"https:\/\/www.realtor.com\/research\/nyc-q4-2025\/\" rel=\"nofollow noopener\" target=\"_blank\">highlights\u00a0rent stabilization<\/a> as a key driver of the city\u2019s low vacancy and low mobility. Roughly 40% of New York\u2019s rental stock is stabilized, with those units posting a vacancy rate just under 1% in 2023, compared with about 1.8% for market\u2011rate apartments.<\/p>\n<p>The stay\u2011put trend is most extreme in the Bronx, where 93.7% of renters remained in place in 2024 and rents have\u00a0risen more than 50% over six years. Overcrowding, defined as more than two people per bedroom, is nearly twice as common in rent\u2011stabilized homes as in market rentals, the report found.<\/p>\n<p>\u201cAs residential mobility breaks down, we see a domino effect on the city\u2019s economy,\u201d said Realtor.com\u00a0economist Jiayi Xu.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cNew York City\u2019s rental market is effectively locked in place,\u201d said Danielle Hale, chief economist at Realtor.com\u00ae. \u201cAsking&hellip;\n","protected":false},"author":2,"featured_media":123288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[9,24,56,63,65,64,41324,53861],"class_list":["post-123287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-nyc-rental-market","tag-realtor-com"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/123287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=123287"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/123287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/123288"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=123287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=123287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=123287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}