BROOKLYN RENTAL REPORT - MNS
31
Transcript of BROOKLYN RENTAL REPORT - MNS
BROOKLYN RENTAL REPORT
MNS.COM
CONTENTS
INTRODUCTION ..................................................................................................................................................
A QUICK LOOK ....................................................................................................................................................
NOTABLE PRICE TRENDS .............................................................................................................. PRICE INCREASE ..........................................................................................................................
PRICE DECREASE ..........................................................................................................................
MEAN BROOKLYN RENTAL PRICES.........................................................................................................................
NEIGHBORHOOD PRICE TRENDS .........................................................................................................................
BAY RIDGE...................................................................................................................................
BEDFORD-STUYVESANT...............................................................................................................
BOERUM HILL..............................................................................................................................
BROOKLYN HEIGHTS....................................................................................................................
BUSHWICK..................................................................................................................................
CLINTON HILL..............................................................................................................................
COBBLE HILL............................................................................................................................... CROWN HEIGHTS.........................................................................................................................
DOWNTOWN BROOKLYN...............................................................................................................
DUMBO.......................................................................................................................................
FORT GREENE.............................................................................................................................
GREENPOINT..............................................................................................................................
PARK SLOPE...............................................................................................................................
PROSPECT-LEFFERTS GARDENS...................................................................................................
WILLIAMSBURG..........................................................................................................................
THE REPORT EXPLAINED.....................................................................................................................................
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AVERAGE RENT
3 AVERAGE RENT
THE AVERAGE RENT IN BROOKLYN HAS INCREASED THIS MONTH.
↑0.01% $3,046.05 $3,046.22 AUGUST 2019CHANGE SEPTEMBER 2019
A QUICK LOOK
4 A QUICK LOOK
Over the last month, the average rental price in Brooklyn increased by 0.01%, from $3,046.05 to $3,046.22. The average rental price for a studio decreased by 0.29%, from $2,358.88 to $2,352.04. The average rental price for a one-bedroom unit increased by 0.06%, from $2,903.59 to $2,905.46. The average rental price for a two-bedroom unit increased
by 0.14%, from $3,875.68 to $3,881.15. Year-over-year, rental prices are up across-the-board, with studio, one-bedroom, and two-bedroom prices increasing by 3.38%, 7.54%, and 8.20%, respectively.Overall, this month was a stable month for rental pricing in Brooklyn. Out of fifteen tracked neighborhoods, five had their average rental prices fall: Boerum
Hill (-1.20%), Brooklyn Heights (-2.74%), DUMBO (-2.63%), Downtown Brooklyn (-0.70%), and Park Slope (-1.02%). This past month, the most expensive rental units on the market could be found in DUMBO, while the most affordable units were in Bay Ridge.
NOTABLE TRENDS
Studios
One bedrooms
Two bedrooms
Dumbo $3,446
Dumbo $4,283
Dumbo $6,067
Bay Ridge $1,522
Bay Ridge $1,777
Bay Ridge $2,375
TYPE MOST EXPENSIVE LEAST EXPENSIVE
5 NOTABLE TRENDS
6 WHERE PRICES INCREASED
WHERE PRICESINCREASED
BAY RIDGE Two Bedroom 1.9% BED STUY One Bedroom 1.3%Two Bedroom 1.4%
BOERUM HILL One Bedroom 0.4%Two Bedroom 0.8% BROOKLYN HEIGHTS One Bedroom 2.1% BUSHWICK One Bedroom 3.4%Two Bedroom 2.2% CLINTON HILL Studios 5.1%One Bedroom 2.8%Two Bedroom 4.3%
COBBLE HILL Studios 0.7%One Bedroom 0.7%Two Bedroom 0.1%
CROWN HEIGHTS One Bedroom 3.4%Two Bedroom 3.3%
DUMBO Studios 0.0%
DOWNTOWN BK Studios 1.8%
FORT GREENE Two Bedroom 2.6%GREENPOINT Studios 2.6% PARK SLOPE Studios 2.6%
PLG Studios 1.7%One Bedroom 1.0% WILLIAMSBURG Two Bedroom 8.0%
WHERE PRICESDECREASED
7 WHERE PRICES DECREASED
BAY RIDGE Studios -0.8%One Bedroom -1.0% BED STUY Studios -0.7% BOERUM HILL Studios -6.6% BROOKLYN HEIGHTS Studios -2.9%Two Bedroom -5.4% BUSHWICK Studios -3.2%
CROWN HEIGHTS Studios -2.1% DUMBO One Bedroom -1.7%Two Bedroom -4.7% DOWNTOWN BK One Bedroom -2.2%Two Bedroom -1.0% FORT GREENE Studios -0.8%One Bedroom -2.8%
GREENPOINT One Bedroom -0.6%Two Bedroom -0.2% PARK SLOPE One Bedroom -2.6%Two Bedroom -1.9% PLG Two Bedroom -0.1% WILLIAMSBURG Studios -1.8%One Bedroom -0.2%
BROOKLYN AVERAGE PRICE
8 BROOKLYN STUDIOS
$2,211Boerum Hill
$2,431Fort Greene $2,876 Williamsburg
$2,142 Bushwick
$1,892Bed-Stuy
$1,943Crown Heights
$1,522Bay Ridge
$1,910
ProspectLefferts Garden
$2,135Park Slope
$2,484Brooklyn Heights
$2,281Cobble Hill
$2,431Clinton Hill
$2,933Downtown Brooklyn
$2,644 Greenpoint
$3,446Dumbo
$2,352AVERAGE PRICE
BROOKLYN AVERAGE PRICE
9 BROOKLYN 1 BEDROOM
$2,905AVERAGE PRICE
$2,907Boerum Hill
$2,868Cobble Hill
$2,942Clinton Hill
$3,554Brooklyn Heights
$4,283Dumbo
$3,665Downtown Brooklyn
$3,164Fort Greene $3,289 Williamsburg
$3,171 Greenpoint
$2,546 Bushwick
$2,748Park Slope
$1,777Bay Ridge
$2,306Bed-Stuy
$2,269Crown Heights
$2,092
ProspectLefferts Garden
BROOKLYN AVERAGE PRICE
10 BROOKLYN 2 BEDROOM
$3,881AVERAGE PRICE
$4,064Boerum Hill
$4,116Cobble Hill
$3,716Clinton Hill
$5,716Brooklyn Heights
$6,067Dumbo
$5,107Downtown Brooklyn
$4,530Fort Greene $4,123 Williamsburg
$4,142 Greenpoint
$2,805 Bushwick
$3,469Park Slope
$2,375Bay Ridge
$2,694Bed-Stuy
$2,721Crown Heights
$2,573
ProspectLefferts Garden
A QUICK LOOK
11 A QUICK LOOK
CHANGE BY NEIGHBORHOOD
Bay Ridge
Bed Stuy
Boerum Hill
Brooklyn Heights
Bushwick
Clinton Hill
Cobble Hill
Crown Heights
Downtown BK
Dumbo
Fort Greene
Greenpoint
Park Slope
PLG
Williamsburg
↑ 1.64%
↑ 1.74%
↑ 1.91%
↑ 13.38%
↑ 6.47%
↑ 10.59%
↓ 5.99%
↑ 2.32%
↑ 6.26%
↑ 3.16%
↑ 4.15%
↑ 23.45%
↑ 1.47%
↑ 0.98%
↑ 15.19%
12 YEAR OVER YEAR
YEAR OVER YEAR
TYPE
BROOKLYN RENTS: SEPTEMBER 2018 VS. SEPTEMBER 2019
Studios
One bedrooms
Two bedrooms
$2,275 $2,352 ↑ 3.4%
↑ 7.5%
↑ 8.2%
$2,702 $2,905
$3,587 $3,881
SEPTEMBER 2018 CHANGESEPTEMBER 2019
PRICE TRENDSBROOKLYN
13 BROOKLYN PRICE TRENDS
BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,275 2,254 2,268 2,246 2,226 2,223 2,282 2,288 2,325 2,327 2,346 2,359 2,352
BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,702 2,701 2,691 2,669 2,672 2,722 2,782 2,853 2,875 2,869 2,865 2,904 2,905
BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,587 3,515 3,432 3,457 3,449 3,503 3,527 3,609 3,662 3,760 3,815 3,876 3,881
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PRICE TRENDSBAY RIDGE
14 BAY RIDGE PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN BAY RIDGE INCREASED BY 0.24%.
BAY RIDGE STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP1,542 1,563 1,439 1,431 1,477 1,440 1,462 1,473 1,469 1,470 1,545 1,534 1,522
BAY RIDGE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP1,767 1,764 1,764 1,769 1,757 1,785 1,761 1,760 1,764 1,777 1,779 1,795 1,777
BAY RIDGE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,273 2,224 2,254 2,220 2,240 2,198 2,286 2,278 2,284 2,390 2,348 2,332 2,375
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PRICE TRENDSBEDFORD-STUYVESANT
15 BEDFORD-STUYVESANT PRICE TRENDS
MARKING A THIRD MONTH OF GROWTH, THE AVERAGE RENTAL PRICE IN BEDFORD-STUYVESANT INCREASED BY 0.78% THROUGH SEPTEMBER.
BEDFORD-STUYVESANT STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP1,965 1,985 2,013 1,935 1,924 1,897 1,913 1,910 1,933 1,836 1,939 1,905 1,892
BEDFORD-STUYVESANT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,232 2,190 2,188 2,206 2,168 2,166 2,178 2,210 2,222 2,222 2,252 2,277 2,306
BEDFORD-STUYVESANT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,577 2,563 2,522 2,512 2,496 2,537 2,562 2,574 2,545 2,616 2,592 2,656 2,694
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PRICE TRENDSBOERUM HILL
16 BOERUM HILL PRICE TRENDS
OVER THE LAST MONTH, THE AVERAGE RENTAL PRICE IN BOERUM HILL EXPERIENCED A CORRECTION OF 1.20%.
BOERUM HILL STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,205 1,900 2,036 2,158 2,174 2,311 2,226 2,072 2,055 2,375 2,375 2,368 2,211
BOERUM HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,834 2,716 2,615 2,642 2,657 2,811 2,850 2,866 2,935 3,075 2,841 2,895 2,907
BOERUM HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,971 3,735 3,684 3,619 3,620 3,538 4,166 4,279 4,300 3,987 3,938 4,030 4,064
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PRICE TRENDSBROOKLYN HEIGHTS
17 BROOKLYN HEIGHTS PRICE TRENDS
FOLLOWING A LARGE PRICE JUMP LAST MONTH, THE AVERAGE RENTAL PRICE IN BROOKLYN HEIGHTS FELL BY 2.74% THROUGH SEPTEMBER.
BROOKLYN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,246 2,345 2,469 2,466 2,401 2,418 2,552 2,501 2,564 2,531 2,533 2,559 2,484
BROOKLYN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,016 3,171 3,259 3,187 3,084 3,150 3,408 3,480 3,391 3,364 3,441 3,481 3,554
BROOKLYN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP5,105 5,032 4,547 4,707 4,643 5,336 5,257 5,291 5,512 5,565 5,497 6,045 5,715
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PRICE TRENDSBUSHWICK
18 BUSHWICK PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN BUSHWICK INCREASED BY 0.98%.
BUSHWICK STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,153 2,140 2,094 2,097 2,074 2,136 2,109 2,205 2,196 2,170 2,169 2,213 2,142
BUSHWICK ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,345 2,306 2,225 2,247 2,295 2,372 2,414 2,451 2,462 2,441 2,450 2,463 2,546
BUSHWICK TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,540 2,458 2,459 2,436 2,478 2,539 2,576 2,572 2,560 2,613 2,662 2,744 2,805
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PRICE TRENDSCLINTON HILL
19 CLINTON HILL PRICE TRENDS
DUE TO THE ADDITION OF LUXURY UNITS FROM NEWER BUILDINGS IN THE AREA, THE AVERAGE RENTAL PRICE IN CLINTON HILL INCREASED BY 4.05% THIS PAST MONTH.
CLINTON HILL STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,298 2,352 2,252 2,146 2,113 2,174 2,239 2,248 2,305 2,227 2,257 2,312 2,431
CLINTON HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
F
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,570 2,577 2,501 2,454 2,503 2,538 2,630 2,939 3,014 2,853 2,870 2,861 2,942
CLINTON HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,351 3,203 3,142 3,122 3,205 3,253 3,263 3,512 3,633 3,655 3,692 3,562 3,716
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PRICE TRENDSCOBBLE HILL
20 COBBLE HILL PRICE TRENDS
REMAINING STABLE, THE AVERAGE RENTAL PRICE IN COBBLE HILL INCREASED BY 0.42% THIS PAST MONTH.
COBBLE HILL STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP- - 2,200 2,138 2,200 1,900 2,300 2,140 2,433 2,050 2,259 2,264 2,281
COBBLE HILL ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,849 2,733 2,688 2,717 2,776 2,874 2,947 2,998 3,128 2,978 2,581 2,848 2,868
COBBLE HILL TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,721 3,564 3,634 3,755 3,624 3,591 3,687 3,643 3,730 4,538 4,343 4,114 4,116
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PRICE TRENDSCROWN HEIGHTS
21 CROWN HEIGHTS PRICE TRENDS
THROUGH SEPTEMBER, THE AVERAGE RENTAL PRICE IN CROWN HEIGHTS INCREASED BY 1.72%.
CROWN HEIGHTS STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP1,908 1,743 1,816 1,821 1,812 1,857 1,863 1,974 2,056 2,067 2,011 1,985 1,943
CROWN HEIGHTS ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,276 2,184 2,203 2,166 2,143 2,158 2,209 2,240 2,247 2,293 2,260 2,196 2,269
CROWN HEIGHTS TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,591 2,518 2,430 2,438 2,461 2,534 2,576 2,589 2,578 2,568 2,629 2,635 2,721
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PRICE TRENDSDOWNTOWN BROOKLYN
22 DOWNTOWN BROOKLYN PRICE TRENDS
THROUGH SEPTEMBER, THE AVERAGE RENTAL PRICE IN DOWNTOWN BROOKLYN FELL BY 0.70%.
DOWNTOWN BROOKLYN STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,745 2,762 2,684 2,659 2,655 2,734 2,784 2,835 2,840 2,918 2,925 2,880 2,933
DOWNTOWN BROOKLYN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,473 3,372 3,317 3,319 3,370 3,404 3,413 3,484 3,548 3,588 3,763 3,747 3,665
DOWNTOWN BROOKLYN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP4,797 4,575 4,680 4,541 4,464 4,585 4,501 4,642 4,520 4,633 5,075 5,161 5,107
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PRICE TRENDSDUMBO
23 DUMBO PRICE TRENDS
AFTER A LARGE INCREASE LAST MONTH, THE AVERAGE RENTAL PRICE IN DUMBO EXPERIENCED A CORRECTION OF 2.63% THROUGH SEPTEMBER.
DUMBO STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,150 3,135 3,350 3,420 3,353 3,256 3,206 3,107 3,123 3,060 3,030 3,447 3,446
DUMBO ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,924 4,136 4,300 4,141 4,233 4,364 4,439 4,306 4,133 4,026 4,121 4,356 4,283
DUMBO TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP6,299 6,644 5,973 6,331 6,123 6,045 5,623 5,489 5,585 5,738 5,866 6,366 6,067
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PRICE TRENDSFORT GREENE
24 FORT GREENE PRICE TRENDS
FOLLOWING A CORRECTION LAST MONTH, THE AVERAGE RENTAL PRICE IN FORT GREENE REMAINED STABLE THROUGH SEPTEMBER, INCREASING BY JUST 0.03%.
FORT GREENE STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,668 2,642 2,567 2,572 2,445 2,353 2,458 2,504 2,560 2,726 2,569 2,450 2,431
FORT GREENE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,019 3,078 3,167 3,092 2,988 2,975 3,033 3,216 3,330 3,310 3,384 3,256 3,164
FORT GREENE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP4,035 3,788 4,017 3,919 3,967 3,880 3,866 4,352 4,379 4,720 4,538 4,416 4,530
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PRICE TRENDSGREENPOINT
25 GREENPOINT PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN GREENPOINT INCREASED BY 0.40%.
GREENPOINT STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,308 2,520 2,474 2,363 2,310 2,402 2,590 2,541 2,472 2,522 2,712 2,577 2,644
GREENPOINT ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,613 2,596 2,561 2,537 2,580 2,697 2,757 2,877 2,884 3,011 3,016 3,191 3,171
GREENPOINT TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,145 2,997 3,000 3,047 3,086 3,159 3,187 3,359 3,559 3,698 3,979 4,149 4,142
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PRICE TRENDSPARK SLOPE
26 PARK SLOPE PRICE TRENDS
THROUGH SEPTEMBER, THE AVERAGE RENTAL PRICE IN PARK SLOPE DECREASED BY 1.02%.
PARK SLOPE STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,154 2,127 2,251 2,187 2,179 2,212 2,203 2,272 2,310 2,342 2,172 2,081 2,135
PARK SLOPE ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,674 2,774 2,713 2,699 2,635 2,652 2,688 2,753 2,820 2,859 2,870 2,821 2,748
PARK SLOPE TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,402 3,428 3,274 3,356 3,371 3,326 3,389 3,391 3,421 3,506 3,572 3,535 3,469
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PRICE TRENDSPROSPECT LEFFERTS GARDEN
27 PROSPECT-LEFFERTS GARDENS PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN PROSPECT LEFFERTS GARDENS INCREASED BY 0.78%.
PROSPECT LEFFERTS GARDEN STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP1,892 1,823 1,841 1,736 1,698 1,659 1,659 1,771 1,785 1,832 1,860 1,878 1,910
PROSPECT LEFFERTS GARDEN ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,042 2,023 1,941 1,940 1,944 1,918 1,962 2,062 2,076 2,034 2,122 2,071 2,092
PROSPECT LEFFERTS GARDEN TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,577 2,536 2,517 2,441 2,454 2,447 2,426 2,496 2,506 2,521 2,582 2,575 2,573
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PRICE TRENDSWILLIAMSBURG
28 WILLIAMSBURG PRICE TRENDS
BUOYED BY A NUMBER OF HIGHER-PRICED TWO-BEDROOM UNITS ON THE MARKET, THE AVERAGE RENTAL PRICE IN WILLIAMSBURG INCREASED BY 2.48%.
WILLIAMSBURG STUDIO PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,618 2,519 2,534 2,569 2,579 2,599 2,665 2,771 2,771 2,775 2,839 2,929 2,876
WILLIAMSBURG ONE-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP2,893 2,899 2,919 2,914 2,941 2,965 3,047 3,154 3,167 3,206 3,225 3,296 3,290
WILLIAMSBURG TWO-BEDROOM PRICE TRENDS OVER 13 MONTHS
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP3,421 3,459 3,344 3,409 3,505 3,571 3,540 3,669 3,780 3,658 3,912 3,816 4,123
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THE REPORTEXPLAINED
29 THE REPORT EXPLAINED
THE BROOKLYN RENTAL MARKET REPORTTM COMPARES FLUCTUATION IN THE BOROUGH’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR POTENTIAL RENTERS SEEKING TRANSPARENCY IN THE BROOKLYN APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TO EFFCIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN BROOKLYN.
The Brooklyn Rental Market Report TM is based on a cross-section of data from available listings and priced under $10,000, with ultraluxury property omitted to obtain a true monthly rental average. Our data is aggregated from
the MNS proprietary database and sampled from a specifc mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).
Author: MNS has been helping Brooklyn landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.
Contact Us Now: 718-222-0211
Note: All market data is collected and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice.
If you would like to republish this report on the web, please be sure to source it as the “Brooklyn Rental Market Report” with a link back to its original location.
HTTP://WWW.MNS.COM/BROOK-LYN_RENTAL_MARKET_REPORT
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