Brooklyn Rents Hit Highest Damn Point In Five Years: Gothamist

Read more: Brooklyn Rents Hit Highest Damn Point In Five Years: Gothamist.

“For some perspective: the median rental price in Brooklyn was $2,850 in August, up from $2,546 in July 2012. The average rental price in August was $3,109, up from $3,035 in July, up from $2,806 at the same time last year. Thanks to the stability of surging rental prices, the number of new rentals increased over 166% over the last year, from 208 in August 2012 to 554 last month. Overall, the biggest increase was in two-bedroom apartments: the average rental price for those is now $3,506, compared to $2,728 a year ago.”

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.