Rents in Manhattan and Brooklyn inched up 5% and 6%, respectively, since August, signaling a shrinking inventory — down more than 60% from 2020.
Leasing velocity slowed in Manhattan and Brooklyn during August, and rents in both boroughs are still down slightly when compared to last year.
In step with the rest of the market, Brooklyn’s townhouse scene enjoyed a robust first half of 2021, reaching the highest half-year level in over five years.
Soaring penthouses, historic townhouses, dramatic lofts: Corcoran’s latest publication reveals dozens of the finest homes in Manhattan and Brooklyn.
In Manhattan and Brooklyn, 2021 started strong: pent-up demand, increased purchasing power, and desire for more space powered a remarkable rebound.
February was an excellent time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped across both boroughs, but inventory dropped, too.