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This is the latest step in the administration's broader push to eliminate junk fees of all kinds.
The bill is a compromise after "anti-gouging" proposal of 8% plus CPI fails.
Rents hold steady, while occupancy declines for fifth consecutive quarter.
And they exceed 12% than the costs experienced by single-family home renters.
St. Louis and Madison also move up, according to CBRE, as top five markets the same as a year ago.
Progress has been made but a lot can happen between now and the finish line.
State will take over Brooklyn sites, rent back ground leases.
Almost one-third of apartments now converted represent former offices.
For seven straight months it's climbed and now hit the highest level since a year ago June.
On the other side, there were tenants who really were struggling yet still kept paying rent.