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Will Netflix's New Digs in Brooklyn Raise Rents?

·3-min read
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Manhattan has long been the most expensive borough for renters, with Brooklyn often seen as the consolation prize for those priced out. The gap in median rents for Manhattan and Brooklyn has narrowed greatly over the years. Back in February 2008, Manhattan's median rents were at $3250, and Brooklyn's were $2200 -- a difference of more than $1000 -- according to a Miller Samuel/Douglas Elliman report.

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