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Each of our Investment Sales teams focus on specific asset types in Brooklyn. This specialized approach pairs clients with the most knowledgeable brokers, ensuring a successful process.
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Multifamily transactions in Brooklyn accounted for over 52% of the total dollar volume in 2015. Consistent annual rent growth since 2010 spurred a robust market for multifamily assets in Brooklyn.
In 2015, TerraCRG verified 605 Retail/Mixed-Use transactions in Brooklyn. The total consideration was over $1.6 billion, an increase of 57% in dollar volume from 2014.
Over the last several years, the Brooklyn office market has been undergoing a remarkable transformation. Local and national Tech and Creative firms have been targeting Brooklyn to be close to the new talented work force.
In 2015, the average residentially-zoned land transaction borough-wide was approximately $6.2 million, a $2 million increase from 2014, and the average price per buildable SF is $202, up 31% from the average price per buildable of $154 in 2014.
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