Even in the borough that rarely sleeps, silence reigns in more homes than one might expect.\u00a0<\/p>\n
Manhattan now claims the highest percentage of vacant residences across New York City, with an estimated 1,400 apartments \u2014 or around 1.2% of its housing inventory \u2014 lying empty, according to a third-quarter analysis by real estate data provider Attom<\/a> obtained by The Real Deal.<\/a>\u00a0<\/p>\n That figure has barely shifted from last year and closely matches the national vacancy rate of 1.3%.<\/p>\n Manhattan tops New York City in empty homes, with about 1,400 residences sitting vacant \u2014 a 1.2% rate that edges out The Bronx and far surpasses Brooklyn and Queens. deberarr \u2013 stock.adobe.com<\/p>\n While Brooklyn may appear more vacant in raw numbers \u2014 with some 29% of the city\u2019s nearly 5,900 unoccupied units \u2014 its overall vacancy ratio aligns with the city average of 0.7%.<\/p>\n The Bronx follows closely behind Manhattan with a rate of 1.1%, highlighting pockets of underuse even amid New York\u2019s broader housing crunch.<\/p>\n While Brooklyn holds the largest share of the city\u2019s nearly 5,900 empty homes overall, Attom\u2019s third-quarter analysis shows Manhattan has the highest vacancy rate of any borough, nearly matching the national figure of 1.3%. VideoFlow \u2013 stock.adobe.com<\/p>\n In terms of Manhattan, the contrasts between neighborhoods are stark.\u00a0<\/p>\n In ZIP code 10012, which includes Soho and the East Village, roughly 4.3% of residences sit empty \u2014 more than triple the borough and national norms.\u00a0Both prime areas, it may seem high prices may be the cause, but there\u2019s more than meets the eye.<\/p>\n \u201cThe scale of residential construction and conversions has been higher in downtown Manhattan, particularly in specific neighborhoods such as Soho and the East Village, which represent this trend,\u201d said appraiser Jonathan Miller, of Miller Samuel. <\/p>\n \u201cComing out of the pandemic, Manhattan experienced the highest rate of population growth, particularly downtown, which was further aided by many office-to-residential conversions, with many more expected,\u201d he added. \u201cThis has resulted in a potentially higher vacancy rate compared to other boroughs, but it\u2019s not excessive.\u201d<\/p>\n The Soho and East Village ZIP code leads the pack with 4.3% of homes unoccupied, more than triple the citywide average of 0.7%. James \u2013 stock.adobe.com<\/p>\n At the other extreme, vacancy rates in Staten Island\u2019s Great Kills \u2014 seen here \u2014 and Queens\u2019 Jackson Heights are close to zero. NYCEDC<\/p>\n By contrast, in Staten Island\u2019s Great Kills and Jackson Heights in Queens, just two homes in each community were unoccupied, representing vacancy rates so low they are practically negligible.<\/p>\n But fear not, demand for city living is still ferocious, at least when it comes to renting.\u00a0<\/p>\n