Meanwhile, the picture (below) in Brooklyn isn't as horrific as Manhattan, but it's certainly not pretty. In fact, a handful of neighborhoods saw significant and rapid price surges, such as Borough Park (up 18.5%), Crown Heights (up 17.8%), and Sunset Park (up 17.6%).
On the bright side (if you'd like to be optimistic for a second), some neighborhoods saw prices modestly depreciate; for example, rates in areas like East Flatbush and Brownsville decreased by 5-10%. But rents went down the most in Cobble Hill this year, dropping 11%, per the report.
Welp, who's looking forward to 2016?