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Is the soaring rental market changing patterns?

Long-held beliefs about Manhattan vs. Brooklyn markets get turned around

From left: Eric Hamm, Oliver Brown, Alex Saltalamacchia and Lauren Weiner
From left: Eric Hamm, Oliver Brown, Alex Saltalamacchia and Lauren Weiner

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From the November issue: Pressure from New York City’s highly competitive condo arena is spilling over into the rental scene, and as a result, some long-held assumptions about the Manhattan versus Brooklyn markets are being turned on their head. This month, The Real Deal talked to residential brokers with expertise in the Manhattan and Brooklyn rental markets to understand the impact of an influx of newcomers — would-be condo buyers priced out of the market by international buyers — on the rental market. [more]