Earlier this month, we revealed that New York City’s out-of-state gentrifiers weren’t coming from Ohio as it’s long been rumored. Instead, we only have other large metros like D.C., San Francisco, and L.A. to blame. In fact, Ohio has had very little to do with our problems.
The news was interesting to say the least, but what it failed to tell us was which out-of-staters have been “invading” Brooklyn specifically. According to a new report from Ideal Properties Group, ex-Connecticuters are the ones arriving in droves.
The report found that in the first quarter of 2014, some 22 percent of new residents in Brownstone and North Brooklyn came from outside the city of New York. That’s up from 18 percent in 2013.
Of that 22 percent, 10 percent are from outside the States, but the rest are coming from
inside the house the contiguous 48. Connecticuters made up 21 percent of newcomers with California and New Jersey taking the next two spots at 17 percent and 10 percent, respectively. Massachusetts and Pennsylvania followed closely with both contributing 8 percent of new residents to Brooklyn.
We could resort to name-calling (Get out of here, ya Nutmeggers!), but the IPG report came to the far more important conclusion that “What Moves To Brooklyn, Stays In Brooklyn” and most of the current real estate turmoil is just us eating our own tails. Sigh.
For a more detailed look at the changing face of Brooklyn, read the full report here.
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