As rents declined and inventory continued to rise across Manhattan and Brooklyn, the market countered with more aggressive move-in incentives.
Tag: Brooklyn
In Manhattan and Brooklyn, a challenging third quarter ended on a positive note, with signed contracts jumping 167% and 157%, respectively, over Q2.
Remarkably authentic, a renovated Clinton Hill townhouse—one of three in its row—exudes artful composure that contextualizes its past in present tense.
Across Manhattan and Brooklyn, rents were down and inventory was up during August, offering uncommon opportunities for apartment hunters.
Rental activity slowed again in Manhattan and Brooklyn during July, but landlords countered with generous terms and new move-in incentives.
The COVID-19 crisis stifled rental activity in Manhattan and Brooklyn during Q2, as vacancy rates reached the highest levels in at least 13 years.
In Manhattan and Brooklyn, rents fell across the board and vacancy levels hit a two-year high. As such, move-in incentives were more common in both boroughs.
In Manhattan, rents rose for studios and one- and two-bedroom homes but declined sharply for three-bedroom homes. In Brooklyn, rents rose slightly for one- and two-bedroom homes but dipped for studios and three-bedroom homes.
Doing a little digging to discover your building’s backstory can be an easy research project — and an irresistible attention-getter for your apartment.