Given the discussion about the narrowing gap between the Manhattan and Brooklyn Rental markets, I thought I’d place the rental price trends side by side to get a sense of how the two markets match up.

While the year-over-year Manhattan rental numbers have fallen short of the prior year, rents have remained fairly stable over the past 6 months:

[Click to expand]

Brooklyn rental prices have been trending sharply higher to the point where the rental price spread between the two markets is at it’s lowest level every recorded (since 1/2008):

[Click to expand]

Tags: ,

Comments are closed.