NEW YORK CITY-Move over, Upper East Side – Brooklyn rents are catching up. New data from MNS Real Impact Real Estate shows that while average pricing is down by about $10 in the borough, neighborhoods like Williamsburg and DUMBO are picking up the slack, showing significant rental increases month-over-month.

The report, which compares the fluctuation in the city’s rental data on a monthly basis, shows that borough-wide, studios average at $1,698 per month, one-bedrooms factor in at $2,300 per month and two-bedrooms are around $2,975 per month.

The strength of the market, however, lies in luxury product. New buildings in Williamsburg are achieving rental rates in the mid $50s per square foot, with studios averaging at $2,938, one-bedrooms at $2,960 and two-bedrooms clocking in at $3,776, just nipping the heels of Manhattan. As of January 2012, doorman rents in Manhattan averaged at $2,642 for studios, $3,745 for one-bedrooms and $5,801 for two-bedrooms.