Openigloo analysis of renter-reported data across New York City shows that Good Cause Eviction is already meaningfully reducing extreme rent hikes, with sharp drops in double-digit increases since the law passed in April 2024. At the same time, overall rent growth has moderated dispelling concerns that the law would drive prices up. Even with carve-outs, the policy is delivering real protections for tenants facing the most burdensome increases.
Key renewal metrics
- From April 2022–April 2024, the average increase for a lease renewal in non-stabilized, Good Cause buildings was 8.6%.
- Post-Good Cause this rent increase dropped to 5.1%.
- In non-Good Cause buildings, the average lease increase dropped from 7.4% to 5.7%.
- Good Cause is meaningfully reducing rent increases where it applies, without shifting higher increases to other buildings.
Renewal increase bands: Good Cause buildings
- From April 2022–April 2024, 26% of renewals in NYC were for increases of above 10%.
- Post-Good Cause this percentage dropped to 9%.
- The law is significantly reducing extreme rent increases for tenants in buildings covered by Good Cause Eviction.
Renewals under and over 10%: post-law
- While most renewals were already under 10% pre–Good Cause, the share rose significantly post-law.
- Large increases (10%+) have dropped sharply, reinforcing the law’s role in curbing the most burdensome rent spikes.
