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Rents Expected to Grow Faster in Brooklyn than Manhattan, Experts Say

…“The rate of growth in Manhattan was more modest in 2013 than last year,” said Jonathan Miller, author of the Douglas Elliman report….

…(Brooklyn’s sample is smaller relative to Manhattan’s because the report only covered a segment of the borough’s market — the most expensive parts, Miller said.)

As Brooklyn’s rental prices are expected to continue rising, renters shouldn’t expect prices to drop in Manhattan — which they have not done for 26 consecutive months, Miller pointed out….

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