Bed-Stuy Rents Spiking

A new report shows that rents have risen over 6 percent from April to May.

Of Brooklyn’s 14 most popular neighborhoods, Bed-Stuy saw the largest increase in rents from April to May, rising 6.5 percent overall, says AM New York.

The report, by MNS Real Estate, found overall rents in Brooklyn up 10 percent since 2011, says the article.

But Bed-Stuy had one of the biggest jumps, with studios now averaging at $1,281, one-bedrooms at $1,680 and two-bedrooms rising to $2,170.

"There's been a lot of great retail development happening there, and there's been a big cultural scene for a while," Brie Train, a development coordinator at MNS told AM New York.

In a May Patch poll, 47 percent of readers said their .

pat June 15, 2012 at 03:13 PM
They will keep going up until the gap is closed with other neighborhoods with similar architecture.
tomdog June 15, 2012 at 03:46 PM
it has nothing to do with the architecture. it has to do proximity to the city, better areas like clinton hill, bushwick, and williamsburg.
Brad June 15, 2012 at 07:49 PM
In my opinion it's both, plus access to public transportation, quality of schools, crime rates and neighborhood amenities.


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