Brooklyn Rental Market Report

Updated: August 2009

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Table of Contents:

• Introduction
• Mean Brooklyn Rental Prices
• Manhattan Price Trends
• The Report Explained

Introduction

TDG/TREGNY is proud to present the first monthly installment of the Brooklyn Rental Market Report, which will provide insight to the current state of the residential rental market, and provide clearer, more concise data than ever before available for the Brooklyn real estate market.

The data provided has been specifically compiled for you; the renter, investor, developer, landlord, property manager etc., to provide you with a better understanding of the Brooklyn housing market. The data is indicative of the types of apartments available in varying neighborhoods. Our goal is to use technology to provide you with transparency into a market that has been so difficult to navigate until now.

In the future as our data continues to grow, the monthly Brooklyn Rental Market Report will be even more comprehensive providing further insight with greater reporting capabilities on the state of the market, and to create the ability for all property owners to better gauge their own pricing based on a clearer view of their neighbors.

As TDG/TREGNY continues to grow, we aim to make the Brooklyn Rental Market Report, the only true and accurate report you will ever need.

Mean Manhattan Rental Prices

The Mean Rental Price graphs illustrate average monthly rents for studios, one–bedrooms and two–bedrooms in Brooklyn for the month of August 2009. Graphs tracking citywide and neighborhood price changes over a rolling 13-month period follow.

The Report Explained

The Brooklyn Rental Market Report is the only report that compares fluctuation in the city’s rental data on a monthly basis. It is an essential tool for potential renters seeking transparency in the NYC apartment market and a benchmark for landlords to efficiently and fairly adjust individual property rents in Brooklyn.

The Brooklyn Rental Market Report is based on a cross–section of data from available listings and priced under $10,000, with ultra–luxury property omitted to obtain a true monthly rental average. Our data is aggregated from the TDG/TREGNY proprietary database and sampled from a specific mid–month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).

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Note: All market data is collected and compiled by TDG/TREGNY’s marketing department and is overseen by C.E.O. Daniel Baum. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice.

If you would like to republish this report on the web, please be sure to source it as the “Brooklyn Rental Market Report” with a link back to its original location (http://www.tregny.com/brooklyn_rental_market_report).