Looks like the answer to the inquiry that we posed in yesterday’s Lede post -”To Raise Rent or Not to Raise Rent” – is in: The Rent Guidelines Board, in a 5 to 4 vote, authorized rent increases of up to 3 percent on one-year leases and 6 percent on two-year leases.  For more information check out:

• NYTimes: Despite Pleas for a Freeze, Stabilized Rents Go Up
• NY Post: All Out Rent War

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