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Brooklyn Rentals: Coolness doesn’t come free

4-2014qzmanhattan-brooklyn-rentspread [Source: Quartz]

Rob Ferdman over at Quartz writes a great breakdown of the narrowing rental spread between Manhattan and Brooklyn [1] using the data I crunch for The Elliman Report: Manhattan & Brooklyn Rentals [2]. Here’s my version [3] of the chart.

After I designated last week’s Bloomberg story headline “Brooklyn’s Hipster Economy Challenges Manhattan Supremacy [4]” as my favorite new phrase, specifically:

Brooklyn’s Hipster Economy

Quartz has given me a new favorite phrase (see under original chart [1]):

Coolness doesn’t come free