The FARE Act is not likely to result in steeply higher rents for new leases

… a broker fee did not increase asking rents beyond broader market trends Units that became nofee between 2022 and October 2024 saw a 42 percent average … He pointed out that the FARE Act could make an even bigger difference for renters seeking rentstabilized apartments …

By Jennifer White Karp |December 10, 2024 - 4:30PM