Residential Rents in Brownstone Brooklyn Receding
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties’ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the…
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties‘ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the number of available studios rose only 17 percent. With greater competition for tenants, the percentage of No Fee apartments also rose from about 2 percent to over 20 percent. Landlords aren’t getting too desperate yet though. According to the report, “unlike their Manhattan counterparts, Brooklyn’s prime neighborhoods’ landlords have not started offering ‘first month free [rent].'”
Rent move buy buy whatever you do my friend do not use brokers thet are nothing but blood sucking parasites. The world would be a better place without them.
Miss Chiff…you’re right…cornerbodega must have extreme cranial trauma from hitting his/her head against the wall so many times.
cornerbodega, is there anything that you actually know something about??? Maybe how to pack as much dish washing soap possible up against a glass storefront?
You surely don’t know squat about the Bed Stuy rental market. Go pour someone a coffee with too much sugar in it.
Like I said, I’ll give you and the few still on the idiot boat 3-4 months. Nothing but a brick to the head will work…
As I said, you have no clue. It is obvious that you are not a property owner, let alone someone who rents out space.
Dave was correct regarding his space, of which you have no information or history. In addition, your thoughts regarding Bed-Stuy would indicate that you know nothing about the area. If you live there, you really are clueless.
When you know what you are talking about, feel free to share your knowledge. In the meantime, keep you fingers off the keyboard.
Its not rocket science to conclude somebody is an ignoramus when he/she claims that rents will go UP “in this environment”. AND in Bed-stuy hahahaha. You can’t make this stuff up but I guess theres more than just Dibs on the idiot boat to sorrow 😉
you, cornerbodega, are the ass. You obviously do not know what you are talking about. I think the brick has already hit your head several times.
Well we’ve got Sebb to posting 100x less since he now looks like a total a*ss. I’d give Dibs say 3-4 months to fully realize his stupidity. Just waiting for the data as sometimes it simply takes a brick to the head for reality to set in…
Good point northsloperenter.
“The one month free thing is just a trick to entice renters.
Of course landlords first decide what rent they’re willing to ‘accept, and then add on just enough to cover one “free month.””
Depends on the place. Some small places may be doing it as a trick, but the larger buildings/complexes have fairly public rates, so the one month free thing is often legit.
What they are really doing, is they are trying to avoid lowering the base monthly rate so that next year’s renewal increase will be based off of a higher number and current tenants won’t start demanding rent reductions.