Despite investors warning of softening rents in Brooklyn earlier this week, rents set new records by every measure — median, average and per square foot — in the parts of Brooklyn closest to Manhattan, according to a report Thursday by Douglas Elliman. For the first time, the median rent surpassed the $3,000 per month “threshold,” noted the report. Here are the details:
- The median rent in August was $3,112 a month, a record and an increase of 10.8 percent vs. the same period the year earlier.
- The average rent in August was $3,421 a month, also a record, a gain of 7.8 percent vs. the year before.
- Rental price per square foot — one of the best measures of the market — increased 11.6 percent to $43.74 during the year, also a record.