Brooklyn studios are in high demand, report says

  • Crown Heights, Prospect Lefferts Gardens and Fort Greene had studio rent price increases of 15.98 percent, 15.46 percent and 12.66 percent over the past year.
  • Studios largely led to the overall rent increase in Crown Heights and Prospect Lefferts Gardens, the report says, as they were neighborhoods with the largest annual increases in overall rent.
  • The least expensive neighborhood in March overall was Bay Ridge.
  • Although Brooklyn inventory increases were relatively low in March, Barrocas said this has to do with high absorption rates and the speed at which Brooklyn units are being turned over.

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Brooklyn prices went up once again in March, according to the latest MNS Brooklyn market report, which is encouraged further by the upcoming renting season.