The Traderszone Network

Published in TZ Latest News 29 September, 2016 by The TZ Newswire Staff

BK developers not worried about softening rental market

Though some 10,000 new residential units in Downtown Brooklyn are expected to hit the market over the next few years, two major developers in the area aren’t worried about a supply glut. The borough’s rental market has been showing signs of softening: Median rents have been dropping and landlord concessions have been climbing.

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