June 5, 2025
Matrix Multifamily Brooklyn Report-May 2025
Brooklyn’s Staying Power
Advertised asking rents in the borough increased 0.5 percent on a T3 basis through March, while the national average was up only 0.1 percent. Brooklyn’s occupancy rate was at a tight 98.8 percent as of February, well above the national average of 94.5 percent. The borough's under-construction pipeline had more units underway than Queens and Manhattan combined.
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