New York City is home to one of the country's most expensive rental markets — and as of July, rent in Brooklyn peaked at an all-time high for the 2nd month in a row

Aug 19 2019 by Business Insider

 

New York City is home to one of the country's most expensive rental markets. The rental markets in both Brooklyn and Manhattan saw an extremely expensive July, according to Douglas Elliman's monthly rental report. According to the report, the median rent in Brooklyn in July was $3,000. June 2019 was the first time the median rent in Brooklyn hit $3,000 — a record high, according to Elliman, after 11 years of tracking. Visit Business Insider's homepage for more stories.

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Continue Reading New York City is home to one of the country's most expensive rental markets — and as of July, rent in Brooklyn peaked at an all-time high for the 2nd month in a row