Annual Battle Over Raising Rents in New York Begins
The average rent for tenants living in rent-stabilized buildings in New York City grew by 3.1 percent in 2016, the lowest increase in six years, according to a new study released by the board that regulates rents in the city.
The smaller uptick suggests that the historic freezes imposed on some rents in 2015 and 2016 had a noticeable impact on tenants living in rent-stabilized apartments — though there were still modest increases for some apartments.