Figure reects leases reported signed within the report month reported by any agency in Brooklyn and may include furnished and/or short term rentals. Not all leases that are signed are publicly
reported. By bedroom stats exclude units larger than three bedrooms. Price gures based on last asking prices for leases reported signed but actual rents may be lower. Figure reects units actively
listed as of the last day of the report month. Days on market only reects units that were listed for more than one day prior to being marked as leased. All material herein is intended for information
purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without
notice. This is not intended to solicit property already listed. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. Owned and operated by Anywhere Real Estate LLC.
The Corcoran Report
MARCH 2024 | BROOKLYN | RENTAL MARKET
March 2024: Despite the market wide slowdown, leasing activity increased in ve of sixteen neighborhoods. DUMBO doubled its leasing from last
year due to strong leasing activity at newly built rental properties. Park Slope and Crown Heights / Prospect-Lefferts had the most signicant increase
in rent expanding by 18% due to an inux of high-end townhouse rentals.
Leases Signed by Neighborhood
Mar 2024 Mar 2023 YoY
Greenpoint
64 83
-23%
North Williamsburg
104 88
18%
South Williamsburg
61 73
-16%
DUMBO
42 20
110%
Brooklyn Heights
37 62
-40%
Boerum Hill / Cobble Hill
38 55
-31%
Carroll Gardens / Gowanus / Red Hook
28 60
-53%
Downtown Brooklyn
154 105
47%
Park Slope
75 85
-12%
Fort Greene / Clinton Hill
79 92
-14%
Prospect Heights
54 65
-17%
Crown Heights / Prospect-Lefferts
57 76
-25%
Bedford-Stuyvesant
88 78
13%
East Williamsburg/Bushwick
53 74
-28%
Prospect Park South
70 58
21%
South Brooklyn
67 136
-51%
ANNUAL CHANGE IN LEASES SIGNED
Greenpoint
North Williamsburg
South Williamsburg
DUMBO
Brooklyn Heights
Brm Hl / Cbl Hl
Crl Grds / Gwns / Rd Hk
Downtown Brooklyn
Park Slope
Fort Gr. / Clinton Hill
Prospect Heights
Crwn Hts / PLG
Bedford-Stuyvesant
East Williamsburg/Bushwick
Prospect Park South
South Brooklyn
0%
3
Average Rent by Neighborhood
Mar 2024 Mar 2023 YoY
Greenpoint
$4,852 $4,513
8%
North Williamsburg
$5,003 $4,871
3%
South Williamsburg
$4,954 $4,452
11%
DUMBO
$6,292 $6,048
4%
Brooklyn Heights
$7,366 $6,829
8%
Boerum Hill / Cobble Hill
$4,950 $5,116
-3%
Carroll Gardens / Gowanus / Red Hook
$4,418 $4,306
3%
Downtown Brooklyn
$4,652 $4,539
3%
Park Slope
$5,191 $4,408
18%
Fort Greene / Clinton Hill
$4,277 $4,406
-3%
Prospect Heights
$4,651 $4,616
1%
Crown Heights / Prospect-Lefferts
$4,055 $3,441
18%
Bedford-Stuyvesant
$3,549 $3,269
9%
East Williamsburg/Bushwick
$3,596 $3,300
9%
Prospect Park South
$3,116 $3,081
1%
South Brooklyn
$2,913 $2,502
16%
Greenpoint
North Williamsburg
South Williamsburg
DUMBO
Brooklyn Heights
Brm Hl / Cbl Hl
Crl Grds / Gwns / Rd Hk
Downtown Brooklyn
Park Slope
Fort Gr. / Clinton Hill
Prospect Heights
Crwn Hts / PLG
Bedford-Stuyvesant
East Williamsburg/Bushwick
Prospect Park South
South Brooklyn
0%
Prospect Park South includes Windsor Terrace, Greenwood Heights, Prospect Park South, Kensington and Flatbush. South Brooklyn includes neighborhoods south of Foster
Avenue, west of McDonald Avenue south of Greenwood Cemetery, east of Utica Avenue south of Fulton Street, and east of East New York Avenue south of Clarkson Avenue.
40%
ANNUAL CHANGE IN AVERAGE RENT
-10%
80%-80% -60%
10% 20%
-40% -20% 20% 60%