If you stare at a wall long enough, you'll start seeing things that aren't there. If you look too closely at real estate numbers, your hope may become unrealistically inflated. Still, though, data is reassuring, and according to a market report released by Douglass Elliman today, Brooklyn rents have been going down for the last three months.
It's newsworthy 'cause it's Brooklyn, but the amount by which median borough rents have been going down is a whopping 1.1 percent. Other highlights about developments in the BK real estate report include that, "landlord concessions more than doubled" since a year ago – meaning landlords are throwing in lots of extra perks, at least compared to how many perks they were throwing in back in 2016 – studios buck the trend of decreasing borough rents and got more expensive, and the median of Brooklyn rents remains $655 less than Manhattan's median rent. Now… Read More >
↧