The vacancy rate for New York’s rental apartments could soar from a current 3.8 percent to more than 11 percent by the end of 2018, according to a new analysis. The culprit: a surge in new construction. “It seems inevitable that you are going to see some pain in the market,” Ten-X chief economist Peter Muoio wrote. The firm also predicts rents will fall as more new apartments hit the market, citing a slowdown in […]