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- Aug 15
- 0 min read

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.

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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New rental properties in Upper Manhattan are experiencing strong demand and rising prices, partially driven by NYC renters seeking more value amid record-high citywide rents.

Manhattan new development condo contracts in Q2 saw lower pricing but stronger sales activity, indicating a degree of balance as the market continues to focus on value and adapt to interest rates.

Hoboken luxury rental prices have continued to grow despite limited recent development. While many of New Jersey’s latest Gold Coast rentals are in Jersey City, Hoboken is overdue for new development!

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