Rental data dynamics YoY for Park Slope
In my experience, brokers will also be happy to list large (3+ bedrooms) in Park Slope for far more than they will ever rent for. I think they think it makes them look good, whereas it really makes them look a bit foolish, in my opinion.
brokelin
in General Discussion 3 years and 3 months ago
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lucie | 3 years and 4 months ago
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I have googled by myself to find the rental market changes but if somebody share some links with this information I would greatly appreciate it!
What free source you are using to see current year vs previous year in say 4 br and 3br in Park Slope.
We have to renew the lease on one of the apartments and we want to add a modest reasonable increase. We have rented it in the middle of pandemic at the deep.
Some of the sources show 19-20% increase this year in Park Slope.
Obviously, we are not going to chase the market, but it is interesting to see different sources and different data.
cate | 3 years and 4 months ago
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You can see rental market reports for the most recent quarter on all the real estate agent firm sites. Their methodologies are all slightly different and some break down by neighborhood, property type, number of bedrooms, etc and some don’t. Usually Elliman, Corcoran, Compass, etc., are fairly comprehensive. They typically report asking rents and mix in new development, which is confusing. I usually go onto Craigslist, Streeteasy and other listing sites to see where asking rents are for our particular property type.
lucie | 3 years and 4 months ago
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Thank you. This is what I am normally doing from time to time: looking at asking rent prices of all comparables in our area, watching how fast it is rented. This time I wanted to see graphs, totals and looking for the sources where I can find it.
Also, it is difficult to do my usual routine because there is literally no inventory: I see one larger apartment for rent 10K higher 🙂 one comparable with $500 higher rent but 500 sf smaller ( condition and finishes are comparable) farther form the park and transportation – and this is it for our zip code. It would be better to have more data.
cate | 3 years and 4 months ago
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Is it a large unit? StreetEasy shows 80 rentals in Park Slope right now. You might also check out the Listing Project.
lucie | 3 years and 4 months ago
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Yes, the unit is large. I do not see anything 4br in PS on zillow for rent right now but I remember seeing comparable rentals over the summer and fall, all asking about 10-15% more. Obviously, all rented. But I do not remember exact numbers! 🙁 I thought I could find it somewhere…
helen40
in General Discussion 3 years and 4 months ago
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How about calling a broker? They will talk for free.