rental price slipped 1.1% to $3,114 from
the same period last year. Since last
September, median rental price fell for the
fifth consecutive month on a year-overyear
basis, but the decline in rental prices
remained minor. The use of concessions
by landlords continued to expand, rising to
a 13.1% market share from 5% in the same
period last year…

BROOKLYN The January median rental
price jumped 12% to $2,830 from the
same month last year. Average rental
price rose 3.5% and average rental price
per square foot remained unchanged
over the same period. Rising New York
City employment and tight credit have
played a primary role in the growth
of Brooklyn rents. The introduction of
newly developed luxury inventory has
additionally helped shift overall rents