NYC Real Estate: Manhattan Too Expensive, Brooklyn and Queens Get Hot
The rental market in Manhattan has becomes so pricey that many tenants have been priced out of the once-popular borough.
Now, Brooklyn and Queens are the places to be.
“At a certain point, people say to themselves, ‘There’s only so much I can afford,’” said Gary Malin, president of Citi Habitats. “There’s enough options for them now, either elsewhere in Manhattan or in the outer boroughs.”
Image via flickr/Vincent Desjardins