Brooklyn Bridge. Photo by Shutterstock.
NEW YORK—Brooklyn showed positive growth in its condo market in January and February of this year, according to Halstead Development Marketing. But then the coronavirus hit and activity across New York City's boroughs declined.
New development gains in Brooklyn stalled in March due to the impact of Covid-19 leading to a 21% decline in sales from February.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
