Today's "duh" news: Rent in Brooklyn and Manhattan is still really high

A new report released by MNS shows that rents in Brooklyn and Manhattan continue to rise—in some cases, exorbitantly so

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Infograph via MNS

Earlier today, real-estate firm MNS released its October report on rental prices and new developments in Brooklyn and Manhattan, and the results manage to be simultaneously predictable and shocking.


The predictable: Rents in both boroughs rose in the month of September, with the average rent in Brooklyn now at $2,968, and Manhattan's average at $3,905. And in Brooklyn, year-over-year increases are depressingly high, with average rents in many neighborhoods (including Bushwick, Bed-Stuy and Prospect-Lefferts Gardens) more than 10 percent higher than they were at this time last year.


The shocking: The average rent for a one-bedroom apartment in Williamsburg rose by 11 percent in September—it's now $3,500. Upper East Side non-doorman two-bedrooms experienced a similar increase of 11 percent, as did studios with doormen in Greenwich Village (10 percent) and non-doorman one-bedrooms in Soho (10 percent). Sheesh.


The takeaway: Everyone should move to Queens! But hey, maybe things will change once De Blasio takes office? We can dream.…


See the full reports for Brooklyn and Manhattan on the MNS website.



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Editor: Marley Lynch (@marleyasinbob)

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