< All Press

Brooklyn Rents Still Rising Faster Than Manhattan’s, Still Driven By Luxury Apartments

…While it’s definitely not true in all of Brooklyn—and Douglas Elliman is careful to specify that their data only applies to the “north, northwest regions” of the borough—today sees the release of yet another real estate report telling us that not only are Brooklyn’s rental prices rising precipitously, but that their pace has far outstripped that of Manhattan.

The Elliman report finds that while average rents in Brooklyn are up 12.6 percent from the same time last year , rental price per square foot is up 25 percent, and studio prices are up a full 41 percent, it’s still “luxury rental prices [that are] outpacing price growth of the overall market.”…

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007