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A Low-Rise Feel at High-Rise Prices

…Jonathan J. Miller, the president of the appraisal firm Miller Samuel, says that upscale rentals in Williamsburg make sense. According to Mr. Miller, Brooklyn median rents were up 5.1 percent in July over the previous year and the borough’s luxury market — the top 10 percent in price — was up 11.8 percent over the same period….

…But they are not unusual for Manhattan; the average rent for a two-bedroom is $4,794, according to Mr. Miller….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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