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: 25,600+
Market Context:
The strong multifamily market is fueled by ongoing demand and a substantial pipeline of new developments, making Brooklyn an attractive destination for investors.
Paraphrasing Statement:
This article is an original composition based on publicly available information and does not reproduce any content verbatim from the source.
About the Author:
Valerie Sebbag is a licensed Real Estate Broker at 555 Properties LLC, bringing years of experience in customer relations and real estate sales. Known for being driven, direct, and determined, Valerie guides buyers and sellers with honesty and professionalism.
📞 Contact Valerie Sebbag: 917-623-6331
🌐 Visit: http://555Prop.com
Source: Yardi Matrix – Brooklyn Multifamily Market Report, May 2025
🔗 Link: https://www.yardimatrix.com/blog/brooklyn-multifamily-market-report/
