Blue Spot

Renters brace for increases - AM New York

New York renters squeezed by the lowest vacancy rates in three years are unlikely to get any relief next week when rent-stabilized guidelines come up for a vote.

The Rent Guidelines Board recommended increases between 2 and 4.5 percent for one-year leases and between 4 and 7.5 percent for two-year leases at a preliminary vote last month. That's a pinch many New Yorkers say will be hard to take.

Labels: Local