Renters and buyers seeking to move will likely land in one of the Brooklyn areas identified by StreetEasy’s “Top 10 Neighborhoods to Watch in 2019.”
The real estate web site looked at four key areas for tracking growth and found that more than half the neighborhoods to keep an eye on in the new year are in Brooklyn.
Downtown Brooklyn topped the list and is especially buzz worthy because of amenity-laden new developments that are competitive price wise with Williamsburg. A total of 904 apartments came on the market in Downtown Brooklyn in 2018, more than any other neighborhood on the list.
StreetEasy ranked NYC neighborhoods by the highest annual growth in four areas: median asking rent, median sale price, user searches, and new-construction units.
The hunt for affordable housing, new developments with lots of amenities, or a commute that doesn’t involve the L train shutdown are the top reasons driving moves within NYC. Notably, renter demand has fallen in Williamsburg by 1 percent as of October but rose in every other NYC neighborhood, the report said.
And, while Long Island City did not make the list, it will definitely be in the spotlight next year as the future home of Amazon HQ2. StreetEasy saw buyer searches there jump more than 500 percent after the mega retailer's announcement.
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