The streak is over: Concessions in Brooklyn, NW Queens fail to hit record highs in May

After months of breaking records, the number of new leases with concessions in Brooklyn and Queens finally saw a decline in May. In Brooklyn, the share of new leases with concessions hit 42.8 percent, while in Northwest Queens, it hit 47.7 percent, according to the latest report from Douglas Elliman. These were both down from April, when 51 percent of new leases in Brooklyn and 65.1 percent of new leases in Northwest Queens included concessions, both […]


Source: Real Estate

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