Wednesday, July 10, 2013

Which Brooklyn Neighborhoods Have the Heaviest Rent Burdens?

Posted By on Wed, Jul 10, 2013 at 9:30 AM

Page 4 of 5

Williamsburg waterfront development gentrification
  • Post-2005
Its Victims?
Yes! As recently as 2005, those neighborhoods were not as severely burdened. Bushwick's rent burden was more than 3 percentage points lower. Coney Island's was 29.8 percent—six-and-a-half percentage points lower. East New York's was almost five percentage points lower. (Not every neighborhood fits this trend; Brownsville's was slightly higher.) The recession played a large role in those differences, but so too did city policy: between 2005—the year Bloomberg's big waterfront rezoning plan passed—and 2011, the median rent in Williamsburg/Greenpoint rose $250. [photo]

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About The Author

Henry Stewart

Henry Stewart

Bio:
Henry Stewart is the Culture Editor at The L Magazine and Brooklyn Magazine. He has always lived in Brooklyn.

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