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Apartment Rents Grow In Brooklyn

NEW YORK CITY-neighborhoods like Williamsburg and DUMBO are picking up the slack, showing significant rental increases month-over-month.

By Jacqueline Hlavenka | Updated on February 22, 2012

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.

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