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
Wed Nov 13 2013
Infograph via MNS
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.…
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Editor: Marley Lynch (@marleyasinbob)