QUESTION
What profiles exist for locations or buildings with varied vacancy rates?
5:31:24
·
36 sec
Commissioner Preston Niblack states that the NYC Department of Finance can provide information on the profiles of locations or buildings with varying vacancy rates, also highlighting changes in their classification methodology.
- The Department of Finance can supply information on profiles for locations or buildings with different vacancy rates.
- Previously, buildings were classified based on whether they were pre or post-1974.
- A new category for buildings constructed between 1974 and 2002 has been added to better assess modern buildings.
- This change reflects differences in vacancy rates and assessment needs for newer buildings.
Justin L. Brannan
5:31:24
Is there a profile for for types of locations or types of buildings that have lower or higher vacancy rates?
Preston Niblack
5:31:32
We we can get you some information about that.
5:31:36
I mean, there there is.
5:31:37
And we recently this year, for example, we we used to look at buildings and categories that were pre 74 and post 74.
5:31:45
Mhmm.
5:31:45
We've now added a 74 to 2002,000 forward because there's, you know, has more modern buildings have come online.
5:31:53
We've seen a difference in how they we should assess them.
5:31:56
So now we started to reflect that So we can certainly get you some information that looks at that.