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Brooklyn Rents Hit a Record High in July

Rents are rising while concessions are falling in Manhattan and Brooklyn, but the opposite is happening in Queens, according to Douglas Elliman’s July report on the city’s rental market. Manhattan’s median rent increased by 5.7 percent year over year to hit $3,595, and Brooklyn’s median rent went up by 1.7 percent to hit $3,000, a new record for the borough.

Severe Weather Alert For NYC

The National Weather Service has issued a severe thunderstorm watch for NYC until 9 PM. The storms will bring strong winds and heavy rain to the area. Exercise caution when walking, biking, or driving, and remain alert as winds can throw debris and knock out power.