According to the report, median rental price in northwest Queens skyrocketed last month, with a 14% increase, to $3,016. It’s the highest it’s been in four years (Elliman started keeping track in 2011). Median rental price for a 3-bedroom in Queens jumped even more–a rise of 60.7% since early 2015, to $4,216. In north, east, and northwest Brooklyn, though, the median rent increased just a teensy bit–a 0.1% increase to $2,968 (which is still the highest median rent ever in the borough.) A two-bedroom in the surveyed area of Brooklyn goes for a median of $3,307, while the median rent for a northwest Queens two-bedroom is $4,335.
All this doesn’t change the fact that renting in Brooklyn will likely take 60% of your income, or that a studio in Brooklyn Heights is selling for $1.3 million, or that Brooklyn home sales prices reached an all-time high this year. It just means the rentpocalypse is particularly apocalyptic on the other side of the BQE.