Brooklyn's Boom May Be Getting Softer

Nov. 5, 2015 — It doesn’t take an Einstein (or even a Donald Trump) to point out that Brooklyn is hot. With never-ending reports on the newest residential towers filling the real estate pages, property values are continuing their meteoric rise.

That trend has been further confirmed by recent filings at the Department of Buildings. This past October, most of the “Build We Must” crowd focused their activity on smallish projects outside of Manhattan. In Brooklyn, of course.

And yet, there is an inevitable cooling trend even in the hottest of hot spots. According to The Real Deal, “Far fewer high-rise plans have been submitted this year [for Brooklyn] compared to the same period last year. Residential project plans including at least 200 units are also down citywide.” Better figure out the next "up and coming" nabe before the hipsters do!