Table
5
Number of Vacant Units Available for Rent and
Net Vacancy Rate by Monthly Rent Level in 1996 Dollars
New York City, 1993 and 1996
| Monthly
Rent Level (b) |
Vacant
Units Available for Rent |
Net
Vacancy Rate (Percent) (a) |
| |
1993 |
1996 |
1993 |
1996 |
| Total |
70,345 |
81,256 |
3.44% |
4.01% |
| Less
than $300 |
(d) |
3,290 |
0.64(c) |
1.46 |
| $300
to $399 |
(d) |
4,896 |
0.91(c) |
3.59 |
| $400
to $499 |
4,716 |
7,908 |
1.58 |
3.20 |
| $500
to $599 |
11,923 |
10,621 |
3.72 |
3.33 |
| $600
to $699 |
8,135 |
15,764 |
3.67 |
5.10 |
| $700
to $799 |
9,415 |
10,724 |
4.88 |
5.20 |
| $800
to $899 |
7,129 |
8,292 |
5.09 |
5.81 |
| $900
to $999 |
3,202 |
2,764(c) |
4.44 |
3.53 |
| $1,000
to 1,249 |
4,457 |
4,358 |
5.63 |
4.65 |
| $1,250+ |
4,821 |
2,526(c) |
5.18 |
2.47 |
| Not
Reported |
13,073 |
10,113 |
|
|
Source: U.S. Bureau of the Census, 1993 and 1996 New York City
Housing and Vacancy Surveys.
Notes:
(a)
The vacancy rate is calculated by dividing vacant available
for rent units that are not dilapidated by the sum of vacant
available for rent units that are not dilapidated and renter-occupied
units.
(b)
Asking rents for vacant units and contract rents for occupied
units. The ratio of the April 1996 over the April 1993 Consumer
Price Index values (CPI-U) for New York,Northeast New Jersey-Long
Island (166.0/154.0) was used to convert nominal 1993 rents
into rents measured in 1996 dollars.
(c)
Since the number of vacant available for rent units in this
category is small, interpret with caution.
(d)
Number of units too small to report.
|
