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Millennial New Yorkers are piling into luxury apartments amid plunging rents and concessions.
They're upgrading their living situation in pursuit of more amenities, space, and the solo life.
As of January, rents were down 15.5% in Manhattan and 8.6% in both Brooklyn and Queens, per StreetEasy.
$3,200. $3,000. $2,900.
Over the past several months, Brett Vergara had been watching rent fall like dominoes for apartments at The Brooklyner, a residential skyscraper that briefly had the title of Brooklyn's tallest building around a decade ago.
Replete with a rooftop deck, floor-to-ceiling views of The Empire State Building, and an in-building fitness center, The Brooklyner was a far cry from the Park Slope basement he lived in when he first moved to New York, where bars blocked the view out of his lone window.