Apartment rents rise to record $3,985 in Downtown Brooklyn
High demand, drop in inventory seen citywide
Rents in Downtown Brooklyn rose 36.6 percent year-over-year in the fourth quarter of 2021, reaching $3,985 — the highest increase in StreetEasy’s records.
This was only one of the findings of StreetEasy’s new quarterly report on rental housing in New York City. StreetEasy is a well-known real estate listing platform and real estate marketplace.
Of all Brooklyn neighborhoods, Downtown Brooklyn rents rose the most year-over-year, the quarterly report says. In addition, apartments with a concession were harder to find in Brooklyn in the fourth quarter than any other point last year.