Matrix Multifamily Brooklyn Report-January 2023 February 09, 2023

Brooklyn Market Progresses

As the national rental market dealt with its first rate decrease, down 0.1 percent on a T3 basis, the New York City borough saw rents rise 0.3 percent, to $3,214. Meanwhile, despite faltering investment activity across the U.S. as 2022 progressed, Brooklyn nearly matched its 2021 tally, with $750 million in sales through November.