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Brooklyn Outperforms While slower than the first half of 2023, Brooklyn rents were up 4.9 percent on a year-over-year basis in November, well above the nation’s average. Average occupancy in stabilized assets was a tight 99.0 percent, and though deliveries dropped 43.3% year-over-year, 19,419 units were under construction in November.
While slower than the first half of 2023, Brooklyn rents were up 4.9 percent on a year-over-year basis in November, well above the nation’s average. Average occupancy in stabilized assets was a tight 99.0 percent, and though deliveries dropped 43.3% year-over-year, 19,419 units were under construction in November.
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