On June 24, 2010, the NYC Rent Guidelines Board adopted renewal lease guidelines for rent stabilized apartments, lofts and hotels.
Order No. 42 -- for leases commencing between October 1, 2010 through September 30, 2011 -- provides as follows:
RENEWAL GUIDELINES: One-year lease...................2.25% Two-year lease...................4.5% VACANCY ALLOWANCE: One-year lease...................17.75% Two-year lease...................20%
SUBLET ALLOWANCE: 10%
A summary of these guidelines is available (in pdf format).