BROOKLYN — After skyrocketing through much of 2012, rents in Brooklyn’s ever-growing roster of coveted neighborhoods seem to have slowed their meteoric rise — though finding a pad is still a pricey endeavor.
Boroughwide, rental prices rose more slowly and in some neighborhoods even dropped slightly in January of 2013 after strong gains in 2012. The average [...]
If you are looking for an apartment to rent and you’re finding the rents in most Manhattan neighborhoods to be too expensive, the latest rental market report from MNS suggests that you start looking in the Murray Hill and Harlem neighborhoods for your new home. According to the report, while most of the city continues [...]
Low inventory is increasingly a problem on both the sales and rental sides of the market, and that trend continued for rentals in Manhattan and Brooklyn in January, according to the latest reports from brokerage MNS. In Manhattan, average rents fell only $17, a much smaller decrease than is usual at this time of year. [...]
So much for a winter slowdown. Even as the mercury dipped in January, demand for apartments was high. Driving the fast-moving market, experts said, were plunging inventory and low-interest financing.
Last month followed a similarly busy December. As TRD has reported, in the fourth quarter of 2012, sales in Manhattan spiked a dramatic 29.2 percent year-over-year [...]
New York—Rent growth will continue in both Manhattan and Brooklyn in 2013. That is among findings included in the Year End Manhattan and Brooklyn Rental Reports from real estate brokerage MNS, released in mid-January.
In Manhattan, non-doorman studio apartments scored the largest percentage gain at 5.6 percent, or an average of $107, between late 2011 and [...]
Manhattan a cheaper option than Brooklyn? In some ways, that’s becoming a reality.
While Brooklyn is still one of the hottest neighborhoods in the nation, surging rents are forcing some in the borough to move on up to the East Side and other parts of Manhattan.
A report released Thursday by the real estate group MNS found [...]
WILLIAMSBURG — Skyrocketing rents, cramped apartments and a cut-throat rental market. Conditions that originally forced New Yorkers out of Manhattan are now sending them back, a report claims.
A real-estate expert said Williamsburg and DUMBO homes have become so hot that people are being priced out — and Manhattan has become a cheaper alternative.
A report by [...]
A December 2012 Brooklyn Rental Market Report from MNS reveals that apartments have become so expensive in Williamsburg, Brooklyn, that they’re pushing folks back to Manhattan—to such neighborhoods as the Financial District, the Upper East Side east of Third Avenue and Harlem.
In Brooklyn Heights, meanwhile, the average studio rental came in at $1,973, fourth in [...]
Displaced homeowners from waterfront communities combined with a lull in new development has created a shortage of homes for sale and fewer rentals in Brooklyn, according to recent realtor reports.
The borough is experiencing the lowest inventory in four years, according to the Douglas Elliman Fourth Quarter Brooklyn Sales Overview, released on Wednesday. With an influx [...]
The just-released December 2012 Rental Reports for Manhattan and Brooklyn reveal that, with inventory continuing to shrink, rental rates have not eased off in typical winter fashion. In a year-over-year analysis, studios and one bedrooms in both boroughs saw the greatest increase in rental prices, although Brooklyn rates overall increased by a greater percentage than [...]
