Available apartments are the scarcest they have been in the Big Apple since 1968, according to a newly released city housing and vacancy survey — something which the Adams administration says highlights the desperate need to quickly build far more housing.
The “New York City Housing and Vacancy Survey” (NYCHVS), as the study is called, found that just 1.4% of the city’s 2.3 million apartments were available to rent last year. The data was gathered in 2023 between January and June and is based upon nearly 10,000 interviews with residents.
