As luxury stays sluggish, lower-end rentals are getting pricier

Rents are up across the city — but especially in less pricey neighborhoods. Between 2010 and 2018, the average rent increase citywide was 31 percent, the New York Times reported, citing a StreetEasy study. The smallest increases were in expensive Manhattan neighborhoods — including Central Park South and Midtown, where prices rose 16 percent. Meanwhile, some Brooklyn areas saw jumps of 37 percent or more. Those neighborhoods included Ditmas Park, Prospect-Lefferts Gardens, Crown Heights, Bedford-Stuyvesant, […]

source https://therealdeal.com/2018/08/24/as-luxury-stays-sluggish-lower-end-rentals-are-getting-pricier/