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Brooklyn Rent Growth ContinuesBrooklyn rents increased 0.6 percent on a T3 basis through June to $3,338, well above the national $1,726. Occupancy rates for the borough came in at 98.7 percent, one of the highest rates nationwide. Brooklyn developers also kept busy, but transactions lagged, mirroring the national trend.
Brooklyn rents increased 0.6 percent on a T3 basis through June to $3,338, well above the national $1,726. Occupancy rates for the borough came in at 98.7 percent, one of the highest rates nationwide. Brooklyn developers also kept busy, but transactions lagged, mirroring the national trend.
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