More Brooklyn renters from out of state, report says

By Sara Polsky | October 07, 2008 12:48PM

The number of incoming Brooklyn home hunters from outside of New York State increased over previous quarters, according to a third-quarter Downtown Brooklyn report looking at prospective renters.

More would-be renters were looking to move to Brooklyn from out of state in the third quarter than in previous quarters, the report from Ideal Properties Group, a small, local residential and commercial firm, found. Twenty-six percent of Brooklyn apartment hunters in the third quarter were from out of state, compared to 20 percent in the second quarter.

Of the 26 percent of out-of-state apartment seekers, 23 percent were from New Jersey, 12 percent from Massachusetts, and 12 percent were from California. Forty-two percent of people looking to rent in Brooklyn already lived in the borough and another 21 percent came from Manhattan, according to the report, based on information from 1,211 client registration forms. The rest hailed from elsewhere in New York State or did not disclose their home addresses.

Park Slope, where 47 percent of aspiring renters were apartment-hunting, remained the most popular Brooklyn neighborhood, but Fort Greene, Clinton Hill, Prospect Heights, and Red Hook also attracted a fair amount of interest, at 36 percent combined, according to the report. Interest in Clinton Hill, Prospect Heights, and Red Hook increased over the second quarter of 2008. Meanwhile Fort Greene did not attract the same level of activity as in a quarter earlier, with a 1 percent drop to 11 percent from 12 percent.
 


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