Brooklyn, NW Queens concessions see another slight drop in June

Concession threat level: high, but declining. The amount of new leases with concessions in Brooklyn and Northwest Queens ticked down again in June, indicating that the higher summer demand for New York real estate might be temporarily lessening their stranglehold on the market. The share of new leases with concessions in Brooklyn was 40.4 percent in June, down from 42.8 percent in May, according to the latest report from Douglas Elliman. In Queens, it was […]


Source: Real Estate

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