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Housing and Vacancy Survey

 

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.

Table of Tables

Table 1 Table 8
Table 2 Table 9
Table 3 Table 10
Table 4 Table 11
Table 5 Table 12
Table 6 Table 13
Table 7 Table 14

 

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