Resolution criteria

This market will resolve to the specific rent increase percentage approved by the New York City Rent Guidelines Board (RGB) for one-year leases commencing between October 1, 2026, and September 30, 2027. The resolution will be based on the official announcement from the RGB, which is typically published on their official website. The possible outcomes are:

• 0% or decrease: If the RGB approves no increase or a decrease in rent.

• 0.01-5%: If the approved increase is between 0.01% and 5%.

• 5.01-10%: If the approved increase is between 5.01% and 10%.

• 10%+: If the approved increase exceeds 10%.

Background

The New York City Rent Guidelines Board annually determines the allowable rent adjustments for rent-stabilized apartments. These decisions are influenced by factors such as operating costs for landlords, inflation rates, and the overall economic environment affecting tenants and property owners.

Considerations

• Economic Factors: The RGB considers various economic indicators, including property maintenance costs, inflation, and tenant affordability, when determining rent adjustments.

• Public Input: The RGB conducts public hearings and considers feedback from tenants, landlords, and advocacy groups before finalizing rent adjustments.

• Historical Trends: While past increases provide context, they do not guarantee future decisions, as each year's adjustment reflects current economic conditions and policy considerations.