BROOKLYN — Average studio rents in Boerum Hill and Cobble Hill have jumped by about 20 percent in just one month, according to a Brooklyn real estate report.
In Boerum Hill, the cost of a studio spiked to $2,822 per month in November, up 22 percent from $2,360 in October, according to a real estate report from MNS Realty released this week. Cobble Hill saw a similar increase, with average studio rents rising nearly 20 percent from $1,886 in October to $2,259 in November, the report found.
Studio rents also rose in Greenpoint, by just over 20 percent during the same period, according to the report.
By comparison, overall studio rents in Brooklyn remained fairly steady with a slight average increase from $2,157 in October to $2,174 in November.
Boerum Hill also led Brooklyn neighborhoods with the biggest yearly jump in rents for all apartments. Rents in Boerum Hill rose nearly 12 percent, from $2,775 in November 2013 to $3,095 in November 2014, the report said.
MNS CEO Andrew Barrocas said the spike in Boerum Hill rents could be related to just a handful of costly new apartments becoming available.
“These are neighborhoods that are very much in demand right now,” Barrocas said. “It’s a positive sign for these areas for what’s to come in the future.”
