Fewer rental apartments, higher rents in Brooklyn as NYC emerges from pandemic
It’s a lot harder than it was last year to find a rental apartment in Brooklyn, according to StreetEasy, a leading New York City real estate listing and market-data website.
Recently, as renter demand has come roaring back citywide, rents, which were at a record low due to low demand, have jumped back up to just shy of their pre-pandemic highs.
As rents rise, NYC rental inventory, or the number of apartments that are available, has been on a downward trajectory since last October and now sits at 30,326 rentals available on StreetEasy. That’s a 59 percent decrease from October 2020, when there were 74,078 rentals available