Greenpoint rent

North Brooklyn Rents Rising Fastest in City According to New Report

New mixed-use luxury construction on Kent Avenue in Williamsburg

Brooklyn rents are rising the fastest in the city, and North Brooklyn — which includes Greenpoint Williamsburg and Bushwick — is leading the sub-market pack with skyrocketing rents, according to a new Streeteasy report.

The report which was published on Monday shows that, altogether, the rate of Manhattan, Queens, and Brooklyn rents are rising the fastest since 2015.

Credit is partially due to the L train’s Canarsie Tunnel repairs that are set to wrap next year; one-bedroom apartment rental prices in Williamsburg and Greenpoint now average $3,200, which is up 19 percent from last October. Continue reading

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