The median net effective rent in Brooklyn was $2,619, down 8 percent from $2,855 a year ago. Inventory also remained elevated with more than 4,130 apartments on the market, a nearly 170 percent jump from the prior year’s inventory of 1,535 units.
The median net effective rent in Brooklyn was $2,619, down 8 percent from $2,855 a year ago. Inventory also remained elevated with more than 4,130 apartments on the market, a nearly 170 percent jump from the prior year’s inventory of 1,535 units.