elizabeth-cooper t1_j6o7388 wrote on January 31, 2023 at 6:48 PM

Empty spaces are galling, but Manhattan has a 10% vacancy rate. It's the outer boroughs that need to do this.

NYCHA and HPD are working to rehab homes, but as of November, they only did 18. That's peanuts.

https://www.norwoodnews.org/nycha-program-renovates-18-homes-in-the-bronx-queens-brooklyn-for-public-housing-residents/

DookieCantRead t1_j6oh3mc wrote on January 31, 2023 at 7:50 PM

Is it really that high? This article says it's 2%

https://therealdeal.com/2022/12/12/trd-pro-twists-and-turns-of-manhattans-vacancy-rate/

elizabeth-cooper t1_j6oi17u wrote on January 31, 2023 at 7:56 PM

This says 10%, but it looks like it was the impact of Covid and has since rebounded.

https://www.thecity.nyc/2022/5/17/23108792/nyc-apartment-vacancy-rate-housing-emergency

sokpuppet1 t1_j6p7afd wrote on January 31, 2023 at 10:33 PM

What about office space vacancy rate? A lot of that office space isn't coming back and while its not always ideal to convert, its certainly an option.