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 Dec 2017
New York Real Estate Market Updates www.NewYorkMarketReports.com Welcome to the 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 has seen seasonal softness in rentals continue, with rents down at least an average of just over 0.5% since last month. However, there were some strong performers, including; Bayridge, DUMBO, Fort Greene, and Greenpoint. DUMBO holds the title for most expensive apartments in Brooklyn, thanks to new luxury units. The most affordable studio to two bedroom rental apartments are still in Bay Ridge. Among the most notable stats over the last month was the 13.4% jump in Greenpoint studio rental prices. This is due to new construction developments, existing oversized loft units coming onto the market, and more interest in the neighborhood due to the upcoming train shutdown. Month over month, overall Brooklyn rents have fallen an average of $15 to $80 per month. Price per square foot fell slightly by just over 1%, inventory is down, and days on market fell by over 10%, to just 23 days. However, this is likely due to a lot of concessions on new leases. Year over year, Brooklyn rental prices have fallen even further. The number of leases being signed are down, and we’ve seen over a 30% increase in concessions over last year. Overall: New leases are down by over 10% OP + Concessions are up 32.4% Negotiability and discounts rose just under 1% Inventory levels dropped by over 11% And marketing time has dropped by 32.6% A lot of this data reflects normal seasonal challenges for landlords, though there could be a larger trend in play as well. Those attempting to lease their units now will definitely need to be competitive in offers special deals. We are also definitely seeing a shift in interest, leasing, and growth to emerging areas like Bay Ridge and Greenpoint. Now let
Rated 5 out of
A Worth Listening
At last! A show that gives BK community a voice, and up-to-date news about RE. What an Asset
Date published: 2017-07-21