Table
5
Number of Vacant Units Available for Rent and Net Vacancy Rate
by Monthly Rent Level in 1999 Dollars
New York City, 1996 and 1999
|
Monthly
Rent(b)
Level |
Vacant
Units
Available for Rent |
Net
Vacancy Rate(a)
(Percent) |
| |
1996 |
1999 |
1996 |
1999 |
| Total |
81,256 |
64,412 |
4.01% |
3.19% |
| Less
than $400 |
11,528 |
3,884 |
3.21 |
1.26 |
| $400
to $499 |
7,536 |
5,203 |
3.31 |
2.53 |
| $500
to $599 |
12,771 |
8,510 |
3.89 |
2.86 |
| $600
to $699 |
15,556 |
11,176 |
4.58 |
3.44 |
| $700
to $799 |
13,673 |
13,685 |
5.61 |
5.35 |
| $800
to $899 |
7,116 |
6,661 |
5.52 |
3.75 |
| $900
to $999 |
4,801 |
3,107 |
4.06 |
2.74 |
| $1,000
to $1,249 |
3,980 |
4,600 |
3.43 |
3.33 |
| $1,250
to $1,749 |
2,463(c) |
3,149 |
3.13 |
3.41 |
| $1,750+ |
(d) |
4,438 |
3.40(c) |
5.70 |
| $2,000+ |
(d) |
4,054 |
5.00(c) |
7.13 |
______________________________
Sources:
U.S. Bureau of the Census, 1996 and 1999 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 1999 over the April 1996
Consumer Price Index values (CPI-U) for New York-Northeast
New Jersey-Long Island (176.0/166.0) was used to convert
nominal 1996 rents into rents measured in 1999 dollars.
(c)
Since the number of units is small, interpret with caution.
(d)
Too few units to report.
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