The Brooklyn Made Real Estate Show
About This Show
From the Ratner Team, this is the Brooklyn Made Real Estate Podcast, a show about Brooklyn real estate and the professionals behind one of the hottest real estate markets in the world.
Brooklyn Made Real Estate is a one-stop shop for anyone interested in New York real estate, getting connected with local experts and learning how to make smarter decisions and leveraging your assets.
Each week our show will feature real estate news and interviews with local professionals that we are eager for you to meet.
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Most Recent Episode
Brooklyn Residential Rental Market Report | October 2017
6 days ago
New York Real Estate Market Updates www.NewYorkMarketReports.com Welcome to the newest New York Real Estate Market Update Here we dig into the latest data and trends to find out what is really happening in the local Brooklyn rental market to help landlords, real estate investors, and developers make the smartest financial moves. So, what’s new in New York Real Estate? Let’s take a look at the numbers… Month over month, Brooklyn is seeing a seasonal price correction continue. Rents are down an average of just over 1% since last month. The best performers still include Cobble Hill, and Bay Ridge. Brooklyn Heights and Clinton Hill have moved up with strong performances. DUMBO holds the title for most expensive apartments in Brooklyn, thanks to new luxury units. The most affordable rental apartments are being found in Bay Ridge. DUMBO studio prices rose 8.7% in the last month, or an average of $253. However, 1 and 2 bedroom apartment prices in DUMBO fell by almost as much. Month over month, overall Brooklyn rents have fallen to an average of $2,751.80 per month. Still, price per square foot is up slightly, inventory is down, and days on market have dipped to just 39. Year over year, Brooklyn rental prices may be softer, and there may be more concessions, but there are positive trends too. Overall: New leases are up by 13.6% OP + Concessions are up 7.2% Negotiability is now flat Inventory levels are down 11.9% And marketing time has dropped by 4 days If you look at this trending data on the graph charts, landlords should note that this is likely to be the one of the best moments to sign new leases. At least until mid-2018. This is due to seasonal rental price dips and peaks. If you have vacant units, it is time to fill them. If leases are signed in Oct through Feb, consider signing 15 to 19 month leases to get the units back during the best rental months to get the highest possible rent due to high seasonal demand. Now let’s take a look at rentals by unit type: For studios Average price per foot is down to $