Readers of The Real Deal don’t need more proof of why rents rise or fall. But I’m going to provide it anyway, so you can print PDFs and send them to politicians who do. I’ll begin with a case study in supply and demand from Florida, then pivot to an overlooked effect of New York’s multifamily development program 485x. South Florida’s rental market got very tight — tight by the standards of markets other than New York — during the pandemic: The vacancy rate fell from 8 percent to 3.6 percent in less than two years. (New York City’s in […]

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