Why Brooklyn developers are building smaller
Brooklyn’s new development pipeline is shrinking in more ways than one. Across New York City, new condo inventory has been on the decline, with costs for land, building and borrowing rising, as well as a limited number of sites available. Brooklyn is no exception — between 2026 and 2029, 30 percent fewer condos will hit the market on an annual average compared to the previous decade. Developers are also increasingly turning to projects with fewer units for many of the same reasons holding them back from developing at all. That trend is evident in Brooklyn, where so far in 2026, […]
This article originally appeared on The Real Deal. Click here to read the full story.
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