Brooklyn's real estate market remains strong in 2025 despite economic uncertainties. Contract signings increased by 7% year-over-year in the first quarter, with steady price appreciation across most property types. Key Highlights: Contract Signings: +7% YoY Price Appreciation: Steady across segments Market Context:Brooklyn continues to offer diverse opportunities for buyers, sellers, and...
July 2025
Brooklyn’s multifamily market remained robust in the first quarter of 2025. Average advertised rents rose 0.5% to $3,643, with occupancy remaining high at 98.8%. Over 25,600 units are currently under construction, surpassing the combined development pipelines of Manhattan and Queens. Key Highlights: Average Rent: $3,643 (+0.5%) Occupancy Rate: 98.8% Units Under Construction:...
During the first half of 2025, Brooklyn recorded $730 million in multifamily sales across 140 transactions, representing a 28% increase from the same period in 2024. Key Highlights: Total Sales Volume: $730 million Transactions: 140 Year-over-Year Increase: 28% Market Context:The stable investment activity demonstrates a healthy market environment for multifamily properties, making...
As of mid-2025, Brooklyn’s commercial real estate market is showing strong momentum. Multifamily, retail, office, and development sectors all contributed to year-over-year improvement, creating a balanced investment climate. Key Highlights: Sector Performance: Multifamily, retail, office, and development sectors showing growth Market Context:The diverse growth across commercial sectors...