Rents are averaging $350 per square foot! Wow. That explains all the beautiful, shiny, Kinfolk aliens inhabiting the area.
Asking rents on of the northern section of Bedford Avenue in the Williamsburg neighborhood in Brooklyn led the 15 corridors featured in the Real Estate Board of New York’s first-ever retail report focused on the borough. The average asking rent along Bedford Avenue between Grand and North 12th Streets, one of the bustling thoroughfares in the neighborhood, was $347 per square foot in the third quarter of 2015. [Read more...]