NYC Rent Guidelines Board Passes Rent Increases for Upcoming Year

In a 5–4 vote, the New York City Rent Guidelines Board passed Order No. 57, which sets rent adjustments for rent-stabilized apartments and lofts for the upcoming year. The new increases apply to all renewal leases commencing on or after October 1, 2025, through September 30, 2026. Under the new guidelines, rent-stabilized apartments and loft units will see a 3% increase for one-year lease renewals and a 4.5% increase for two-year renewals.

Please contact KMWB to discuss how these changes may affect your buildings or lease renewal strategy.