Report: Brooklyn rent almost as expensive as Manhattan
Those people thinking of fleeing Manhattan to Brooklyn for cheaper rent might want to reconsider.
Brooklyn rents are rapidly rising and the borough is catching up to Manhattan’s pricey housing, according to a Douglas Elliman report.
The Daily News reports rental rates in Brooklyn increased by 8.2 percent in a year, causing the average rent to reach $3,035 last month.
The borough is close to Manhattan’s rent average of $3,822.
Luxury pads in Brooklyn dramatically affected the average, with rents of over $6,000.
“When quality apartments become available, they get snapped up,” Michael Guerra, vice president at Douglas Elliman, told the News. “Prospect Heights and Crown Heights are super hot right now.”
The report monitored rents in the north and northwest parts of Brooklyn, such as Williamsburg and Cobble Hill.