Nov
27
Rents Contract as New Units Come Online in Brooklyn
ByThe borough continues to be a hot destination for Millennials, with its burgeoning arts and music scene and proximity to Manhattan’s offices.
Brooklyn continues to be a hot destination for Millennials, with its burgeoning arts and music scene and proximity to Manhattan’s offices. However, an explosion of new supply and a high cost of living have tempered rents. Investment activity is also in a slump, as potential buyers hesitate to accept prices at a cycle peak while sellers remain reluctant to discount…
