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Friday Fast Facts: Median Asking Rent In Bushwick Hits An All-Time High

Landlords are asking renters to pay more for apartments than ever before, but how long can this last?

Friday Fast Facts: Median Asking Rent In Bushwick Hits An All-Time High
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Rents in Bushwick are at an all-time high, and landlords want them to get even higher.

In 2016, according to data from the American Community Survey, the median amount that landlords requested for vacant units was $2,599, the highest it’s ever been. But in that same year, the median amount renters in Bushwick paid was $1,433 per month. This means that the asking rent landlords are requesting for newly available units is 80 percent higher than the median rates for units that are currently occupied.

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Cover image courtesy of Pepi Stojanovski

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