The neighborhoods closest to the Barclays Center are seeing the greatest appreciation in average rents as the arena finally nears its long-anticipated opening date. Boerum Hill and Fort Greene saw their average rents increase 3.4 percent and 3.0 percent between August and July 2012, according to the August Brooklyn rental market report released today by MNS. The brokerage’s data also show rents are rising fastest for larger units.
The average rent for two-bedroom units reached $3,083 in August, up 9.2 percent on a year-over-year basis. By comparison, one-bedroom rents rose 7.1 percent to $2,415 and studio rents jumped 6.8 percent to $1,895 over that time frame. [more]