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].'”
“Not that there’s anything wrong with it.”
I’m going to take that back. As a guy, Commando-style can be VERY dangerous. I’m not crazy about sharp, interlocking zipper-teeth in that vicinity, if you know what I mean.
Brownstoner,
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.”
The fact that the trick is being done more in Manhattan than Brooklyn, if in fact it is, doesn’t reflect anything except a different sales tactic.
BRG’s comments; MOST of them; are in jest.
I hope people realize that.
RTrain…it started at 10:29….. I admitted to FatLenny that I continued to engage “the loons.”
“Commando!”
“Not that there’s anything wrong with it.”
I’ll say there isn’t!
Jogging, anyone?
MMMmmmmmm
Why all the back-biting and insult trading? Now I understand why some people feel like they can’t/shouldn’t post on this blog. Did we not just have a thread about how all this should stop so that regular readers of this blog don’t get alienated? Or was I wrong about that?
BRG, Paris Hilton is NOT a role model.
“Commando!”
Nah, that doesn’t work for me. Not that there’s anything wrong with it.
“As for the underwear info, that’s classified!”
Commando!