Brooklyn’s Commercial Market Strengthens as Local Retail and Mixed-Use Properties Gain Value While national headlines often focus on office vacancies, Brooklyn’s commercial market tells a different story. Across neighborhoods like Crown Heights, Bedford-Stuyvesant, and Prospect Lefferts Gardens, smaller retail spaces and mixed-use properties are seeing a strong comeback. Property owners who held...

In the first quarter of 2025, 96% of Brooklyn’s multifamily dollar volume came from free-market buildings. This reflects investor preference for market-rate properties, which continue to deliver strong returns and stability. Key Highlights: Market Share: 96% of multifamily dollar volume from free-market buildings Market Context:The dominance of free-market sales indicates investor confidence...

In spring 2025, Brooklyn saw active listings climb to 3,406 units (+2.7% from March). Contract signings rose 7% YoY, while closings decreased 8% YoY, reflecting strong buyer interest but slower transaction completions. Key Highlights: Active Listings: 3,406 units (+2.7%) Contract Signings: +7% YoY Closings: -8% YoY, -3% QoQ Market Context:The increase in listings and contract signings...

Crown Heights is welcoming a striking new development at 311 Eastern Parkway, with construction nearly complete on a Passive House–certified, all-electric condo building. The eight-story project features five residences, each with private outdoor space and eco-friendly finishes. Drivers of Growth Energy Efficiency: Passive House certification offers low operating costs and...