Brooklyn Development Spotlight - zip codes with most development activity
Brooklyn Development Spotlight
A common view in Brooklyn is one with multiple cranes and buildings being constructed. Where is the most development activity occurring today and where may we see activity occur moving forward?
|Zip Code||Neighborhood||Buildings Breaking Ground in 2015|
|11207||East New York||42|
Three of these neighborhoods (Bushwick, Bed-Stuy, and East New York) are also rated as some of the most "Developable" neighborhoods in Brooklyn. Zoning guidelines dictate how much square footage can be built by developers. If a specific block has 70,000 square feet of living space but zoning guidelines allow that block to contain 100,000 square feet of living space, we call that block 70% developed. The average development level in Brooklyn is currently 81.5%. What are the least developed neighborhoods in Brooklyn?
|Zip Code||Neighborhood||Development Level|
|11226||Flatbush - Ditmas Park||61.1%|
|11207||East New York||67.2%|
|11221||Bushwick / Bed-Stuy||67.3%|
|11225||Prospect Lefferts Gardens||68.9%|
In the eyes of developers, Bushwick, Bed-Stuy, and East New York are nowhere close to 'reaching their potential'. If you live in one of these areas, get used to the cranes and construction fences, as development activity should not be expected to slow down.