Brooklyn concessions continue to fall but market won’t “change overnight”: Elliman

For almost three years, the rental market in Brooklyn was defined by a constantly increasing amount of concessions. But that may be starting to change. After two years and 11 months of increases, concessions in the borough saw a year-over-year drop for the second month in a row in February, according to the latest report from Douglas Elliman. The share of new deals with concessions was at 44.7 percent, down from 47.5 percent last February […]

source https://therealdeal.com/2019/03/14/brooklyn-concessions-continue-to-fall-but-market-wont-change-overnight-elliman/

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