Fewer Manhattanites Move to Brooklyn as Renters Flock From out of State
The number of Manhattanites moving to Brooklyn has dropped dramatically, with only 13 percent signing new leases in North and Northwest Brooklyn in the first quarter, vs. 53 percent back in 2006, according to a report out from Ideal Properties. The number of renters coming in from out of state rose to 22 percent in…
The number of Manhattanites moving to Brooklyn has dropped dramatically, with only 13 percent signing new leases in North and Northwest Brooklyn in the first quarter, vs. 53 percent back in 2006, according to a report out from Ideal Properties. The number of renters coming in from out of state rose to 22 percent in Q1, vs. 18 percent in the same period last year. Connecticut (21 percent) accounted for the majority, California for 17 percent and New Jersey for 10 percent; 10 percent were from out of the country. People who were already living in Brooklyn made up 40 percent of new leases.
Park Slope was the area’s most popular destination, “with 28 percent of all rented units in Brownstone and North Brooklyn last quarter concentrated” there, said the report. The majority of renters analyzed in the report, 33 percent, had average incomes ranging from $75,000 to $99,000. Most of them, 15 percent, worked in media, and 13 percent worked in design and architecture, the report found. More than half, 59 percent, of tenants in North and Northwest Brooklyn are between 21 and 30 years old.
The report was based on tenant profile data on close to 4,300 forms collected by Ideal Properties.
If your methodology includes only customers who filled out such info when dealing with your firm (Ideal Properties — who?) …..I don’t see why someone would bother writing a headline and story which infers that
this firms data is representative of total market. Seems ludicrous.
It is like saying I have 2 friends who bought something and they are both left-handed ….LEFT HANDED PEOPLE
ARE BIG BUYERS OF BROOKLYN PROPERTIES
What are you, illiterate, blind, or just shill? Ideal is one of Brooklyn’s largest brokers, which I’m sure you’d know if you lived anywhere near Brooklyn… their offices and signs are everywhere. Once you learn how to read, head on over to their website and review the report’s methodology –
“Statistical analysis of nearly 4,300 forms, collected by real estate sales professionals associated with Ideal Properties Group LLC from January 1 through March 31, 2014, revealed a recordable demographic profile of residential tenants in Brownstone and North Brooklyn.
The data analyzed by this report do not necessarily represent all tenants who rented residential apartments in Brownstone Brooklyn from January 1, 2014 to March 31, 2014.”
If you do live in the area, and in fact can read, then it’s quite possible that your eyesight needs some looking into (aging optical nerve, or botched Lasik?)… so I’ve got only two words for you: Cohen Global. There’s one on 7th Ave.
But but but I thought it’s only finance folks who can afford to rent or buy in these neighborhoods!
Time to find another scapegoat.
I think we have some of the same friends…