Brooklyn ranked second in U.S. as desirable investment market

October 11, 2018 By Raanan Geberer Brooklyn Daily Eagle

Eagle file photo by Lore Croghan

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An annual survey by PwC and the Urban Land Institute has ranked Brooklyn No. 2 among desirable U.S. markets for property investment. Brooklyn, which got into the top 10 for the first time in the report’s 40-year history, was prized for its “cool industrial appeal and lower costs relative to Manhattan,” according to Bloomberg. By contrast, Manhattan only ranked as No. 32. The Dallas-Fort Worth market topped the list. About 2,400 real estate experts were surveyed, Bloomberg reported.