Brooklyn rents SKYROCKETING as Manhattan prices continue to fall

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Rent in some Brooklyn neighborhoods is starting to outpace rent in several areas in Manhattan.

Is Brooklyn really the new Manhattan?

If the borough’s steadily increasing rents are any indication, the answer is “yes.”

Rent in Brooklyn increased to a median price of $2,699, which is up 6.8% from October 2012, according to Douglas Elliman.

Manhattan rentals saw a decrease of 1.6%, to a still pricey $3,150.

A report from MNS brokerage firm showed rent increased in almost every neighborhood in Brooklyn.

The average studio in DUMBO is going for a staggering $3,145, which is much more than a studio in popular areas in Manhattan.

As the popularity of the borough grows, the gap between Manhattan and Brooklyn rents is narrowing.