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Andrew Cuomo: “We have a 1% vacancy rate. It's supply and demand.”

Featuring: Andrew Cuomo, Democratic | Former Governor of New York

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Andrew Cuomo talks about the state of NYC mayoral race

Published | Video Starts at 13:23

You're doing them a disservice. Tackle that problem. And yes, it's contentious and it's political. Build affordable housing. That's why the rents are so high, because we have no supply. We have a 1% vacancy rate. It's supply and demand. Well, it's hard to build and government is complicated. It's not that hard. I built LaGuardia Airport building, Kennedy Airport, built 2nd Avenue subway, Moynihan train hall, Mario Cuomo bridge. (13:23–13:27)

CLAIM

Asserts that New York City has a very low housing vacancy rate, affecting rent prices.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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