Brooklyn’s cool factor is wearing thin on millennials’ wallets, so they’re moving back to Manhattan.
Washington Heights is now home to the greatest concentration of the generation with residents aged 20 to 34 making up about 10 percent of the neighborhood, according to the New York Post.
Upper Manhattan has even beat out reputed hipster havens like Bushwick, Crown Heights and Williamsburg in terms of shear population.
“Williamsburg and Bushwick have become victims of their own success; millennials can’t afford to live there anymore,” NYU professor Michael Keane told the Post. “They’re thinking, ‘Hey, Washington Heights is in Manhattan, it’s easy to get to Midtown, crime is down and the rent is several hundred dollars less.’”
According to StreetEasy, the median rent for a one-bedroom in Washington Heights is $1,850 compared to $2,250 in Bushwick, $2,760 in Williamsburg or $2,000 in Crown Heights. [NYP]—Erin Hudson