Report by The Marketing Directors Shows Climbing Rental and Sale Prices In Brooklyn's Hippest Neighborhood
NEW YORK, May 22, 2013 /PRNewswire/ — The Marketing Directors (www.themarketingdirectorsinc.com), a leading, national development advisory and master property marketing and sales force that works exclusively on behalf of owners and builders, today released a report presenting the future rental and sale trends in Williamsburg, Brooklyn. The report indicates that prices are on the rise and new condominium developments with efficiently sized homes, quality finishes, a comprehensive amenity program and proper promotional support, can achieve $ 1,100+ per-square-foot.
"Inventory will remain scarce and the neighborhood will continue to be a desirable place to live with its easy accessibility to Manhattan and trendy restaurants and boutiques," said Jackie Urgo, President of The Marketing Directors. "Renters are definitely willing to pay more for the right type of apartment."
According to the report, while rental prices remained steady this past year, prices will increase significantly for studio/lofts. Two-bedroom homes will experience a strong rebound as well. Importantly, with only 16 active listings available in newer rental developments, potential tenants are paying a premium for larger one-bedroom and two-bedroom apartments along the Williamsburg waterfront.
In addition to rental properties, the report also takes a look at the sales market. In the last six months of 2012 the average resale price achieved was $631,132 and the average sold price was $990,923, representing over a $300,000 price differential. The analysis shows that the pricing trend for new developments will dramatically increase due to lack of inventory and an unprecedented demand for condominium housing.
To get a summary of The Marketing Directors' Williamsburg Focus report, please visit the company's website at: http://www.themarketingdirectorsinc.com/blog/2013/05/market-watch-williamsburg/
About The Marketing Directors
The Marketing Directors is a development advisory and master property marketing and sales force that works exclusively on behalf of owners and builders of new homes. Headquartered in New York, with offices and sales teams active around North America, The Marketing Directors is known for its success in selling and leasing homes at prices that help its clients achieve their goals for each development. In its 30+ year history, The Marketing Directors has helped its clients successfully sell-out more than 1,000 new developments across the country – more than any other marketing firm. It is headed by founder Adrienne Albert and Jacqueline Urgo. For more information please visit, www.themarketingdirectorsinc.com.
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