Brooklyn is becoming a key player in NYC's rental market, with new developments and high demand possibly leading it to surpass Manhattan by 2025.
With a 60-year low vacancy rate of 1.4% in 2023, Brooklyn and Queens are seeing new rental developments that are rapidly increasing inventory.
The rise in rental inventory in Brooklyn, combined with modern amenities like pools and outdoor spaces, is making it an appealing choice for renters.
Brooklyn has the highest number of expensive neighborhoods in NYC rental market, contributing significantly to its role as an evolving housing landscape.
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