“Bushwick” Experiences “Abnormal” Rent Spike

March 7, 2013 | Julia Dawidowicz

Okay, we know you’re sick of all these articles bemoaning the gentrification of North Brooklyn, but, here’s another one. The average rent of a one-bedroom apartment in Bushwick hit $2,800/month in February 2013, with studios averaging out at $2,400 and 2-bedrooms at $3,000. Compare that to a median monthly rent of $1,815 just a month earlier, and cha-ching, that’s a 22% rent increase. Or, in the words of MNS Real Estate, something that’s “very, very abnormal.”

Of course, what with the ever-blurring line that distinguishes “Bushwick” from the realtor-coined “East-Williamsburg,” it’s hard to determine where exactly this data was taken from. But either way, these prices kind of put a damper on the whole post-industrial starving-ish artist lifestyle fantasy that was once a big part of the neighborhood’s appeal. Or on, you know, finding an affordable place to live in general.

Meanwhile, a studio in the stereotypically ritzy Upper East Side (think Gossip Girl) currently goes for an average rate of $1,927 per month. It’s a confusing world out there.

(Image: Jamie J. Hagen, Flickr)