Insights

2024 Year-End North Brooklyn Multifamily Market Report Market Overview The North Brooklyn multifamily market is down from 2023’s numbers, with a total of 72 transactions compared to 2023’s total of 108. Although there were fewer total transactions from last year, Q4 of 2024 finished with the same total number of transactions as Q4 of 2023. […]

2024 Brooklyn Industrial Market Report Market Overview Below is an overview of all industrial transactions in 2024 exceeding $1M in Brooklyn and some noteworthy insights.   Total Dollar Volume: $927M—an 83% increase from 2023 and a 14% increase from 2022. Transactions: 102 deals over $1M, up from 61 in 2023 and 101 in 2022. Average […]

2024 EOY Brooklyn Multifamily, Mixed-Use/Retail, and Industrial Market Report   Multifamily Market Summary The Brooklyn Multifamily market saw ~$972M of sales volume across 195 separate transactions in 2024. Additionally, there were a few themes that were tracked:   Flight Quality There was ~$570M of sales volume in the “Prime Markets” of Greater Downtown and North […]

Brooklyn’s Revival Overview of Brooklyn Brooklyn, the most populous borough of New York City, has over 2.7 million residents, making it one of the most diverse urban areas not only in New York City but in the United States. Spanning approximately 70 square miles and consisting of more than 100 distinct neighborhoods, Brooklyn’s population is […]

1H 2024 Brooklyn Market Report | Multifamily, Industrial, Mixed-Use Brooklyn Multifamily The Brooklyn Multifamily sector saw ~$565M of sales volume across 91 separate transactions in the first half of 2024. $305M of the total sales volume came from the second quarter, roughly a 15% increase compared to Q1. Any increase in dollar volume is music […]

H1 2024 Industrial Brooklyn Market Report Market Overview for Brooklyn Industrial Total dollar volume was approximately $354M. This represents a 113% increase from H1 ʼ23 and a 35% decrease from H1 ʼ22. 50 industrial transactions exceeding $1M were recorded, up from 41 in H1 ʼ23. Average deal size was $7.1M. 72% of transactions were bought […]

Q1 Brooklyn Multifamily Market Report Market Overview The Brooklyn multifamily market was off to a modest start in the first quarter of 2024, with a total dollar volume of $255M–just off pace to match 2023’s total volume of $1.1B.   The $255M was spread over 47 transactions totaling just under 800,000 square feet, with an […]

Q1 Brooklyn Industrial Market Update Below, you’ll find an overview of the Brooklyn Industrial market in Q1 and some noteworthy insights. This data excludes transactions under $1m and self-storage transactions.   Transactions, Dollar Volume & Trends: Approximately $190M in total dollar volume, marking a 56% increase from Q123, and a 15% increase from Q122. 26 […]

Central Brooklyn Mixed-Use Market Report Market Overview Similar to many other commercial real estate sectors in 2023, the Central Brooklyn mixed-use market faced challenges and witnessed a decline across key performance indicators. Last year, Central Brooklyn recorded 45 mixed-use transactions, with a sales price at over $1,000,000, resulting in a 40% reduction in transaction volume […]