Pace of Brooklyn multifamily building should reach 10-year high by 2017

Takeaways:

Multifamily groundbreakings in New York City during the first half of 2015 are a key to why the metro leads the nation in multifamily/commercial construction activity.
One borough that will contribute a significantly higher number of units moving forward is Brooklyn.
Brooklyn is expected to add roughly 22,000 new rental and condo apartments in the next five years.

The volume of multifamily groundbreakings in New York City during the first half of 2015 is a primary reason why the metro leads the nation in multifamily/commercial construction activity.

One borough that will contribute a significantly higher number of units moving forward is Brooklyn.

The borough is expected to add roughly 22,000 new rental and condo apartments in the next five years, according to …

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