Brooklyn and Queens saw record-setting concessions in April yet again, with the former cracking the 50 percent mark for the first time. There was huge year-over-year increase in concessions in new rental transactions in Brooklyn, where the share jumped to 51 percent in April from 14.7 percent, according to the latest report from Douglas Elliman. Meanwhile, 65.1 percent of new deals in Northwest Queens included concessions, up from 45.4 percent last April. This was the […]
source https://therealdeal.com/2018/05/10/brooklyn-queens-see-another-record-breaking-month-for-concessions/
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