The median monthly asking rent of single family homes and apartments in Brooklyn, New York has surged dramatically since 2020, when it slightly dipped as the coronavirus (COVID-19) pandemic unfolded. From ***** U.S. dollars in 2020, Brooklyn rents soared to ***** U.S. dollars in *********.
Brooklyn is the most populous and densely populated county in New York, as well as among one of the most expensive real estate markets in the United States. In the second half of 2023, the average annual asking rent of retail real estate in different corridors in Brooklyn varied between ** and *** U.S. dollars per square foot. North Sixth Street (Driggs Ave - Kent Ave) was the most expensive corridor, with an average square footage rent of *** U.S. dollars.
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The median monthly asking rent of single family homes and apartments in Brooklyn, New York has surged dramatically since 2020, when it slightly dipped as the coronavirus (COVID-19) pandemic unfolded. From ***** U.S. dollars in 2020, Brooklyn rents soared to ***** U.S. dollars in *********.