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Downtown Brooklyn leads new rental development launches in the borough and has seen strong demand as it continues to be a hub for Brooklyn luxury high-rise living.

TMD
Aug 15, 2024
0 min read

downtown brooklyn luxury new development rental snapshot

key market highlights for Downtown Brooklyn, including trends in rental rates, and demand indicators

Chart displaying average prices of rental properties by number of bedrooms in Downtown Brooklyn, highlighting price trends for various bedroom counts

Pie chart illustrating the distribution of rental properties by number of bedrooms, showing the percentage of rentals for each bedroom category

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Prices continue to rise in Downtown Jersey City, supported in part by limited new development launches over the past two years. With few properties expected in the near term as well, current market

Prices continue to rise in Downtown Jersey City, supported in part by limited new development launches over the past two years. With few properties expected in the near term as well, current market

Among Downtown Brooklyn new dev rentals, studios and 2BRs comprised just a quarter of inventory but led average price gains year over year during 1Q25.

Among Downtown Brooklyn new dev rentals, studios and 2BRs comprised just a quarter of inventory but led average price gains year over year during 1Q25.

Two executives from The Marketing Directors standing at the Cafe at Journal Squared in Jersey City

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