Rents Continue to Climb; Price Per Square Foot Jumps 14.1 Percent

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    It’s nothing you haven’t heard before, but we’d be remiss not to mention rents increased again in January. Specifically, in Brooklyn, average rents were up 4.5 percent to $3,201 a month, the median increased 2.5 percent to $2,901 a month, and price per square foot zoomed up 14.1 percent to $40.33, vs. the same period a year earlier, according to a report from Douglas Elliman. By the way, the part of Queens closest to Manhattan is now just as expensive as northern and northwest Brooklyn, a story in DNAinfo pointed out.

    Brooklyn Rental Report January 2015 [Douglas Elliman]

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