Nyc Rent Board Increase 2025

Nyc Rent Board Increase 2025. The new york city rent guidelines board (nycrgb) determines rent increases for lease renewals of rent stabilized apartments, lofts, hotels and single room occupancies (sros). The answer is the rent guidelines board (rgb), a group of nine people — all appointed by the mayor — who annually evaluate where rent increases should land.

On april 30, 2024, the rent guidelines board released proposed guidelines for rent stabilized homes. The following lease guidelines for rent stabilized apartments, lofts and hotels were adopted by the rent guidelines board on june 21, 2023.