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HOUSING PRODUCTION + SUPPLY
Downtown Brooklyn has experienced unprecedented levels of residential growth since the 2004 rezoning. The supply of housing has more than doubled since 2000, with the delivery of over 20,500 new housing units across more than 100 buildings.3 Nearly forty percent (38%) of new residential supply has been completed in the past five years alone, with more than 7,800 new housing units delivered between 2018 and 2022. Downtown Brooklyn’s transit access and proximity to job centers serves as a model of transit-oriented development, providing critical residential density for much-needed workforce housing.
Downtown Brooklyn’s remarkable transformation coincides with the population and economic growth across all of Brooklyn and constitutes a significant portion of the borough’s housing growth. Between 2018 and 2022, Downtown Brooklyn deliveries comprised 17% of the borough’s new units.4
The population of Downtown Brooklyn has more than doubled since the 2004 rezoning to roughly 65,000 residents, almost 10x the population growth rate of New York City. Population growth in Downtown Brooklyn has grown 16% since 2018, triple that of New York City.5
New York City’s overall housing growth has not kept pace with the incredibly strong job growth over the past several years. Between 2010 and 2022, New York City has created 929,000 new jobs while only building 282,000 new homes.6 New York City ranks 15th out of major cities across the country for housing production per job creation.7 This mismatch between job creation and low production of housing poses significant economic and social costs to the city. While Downtown Brooklyn has helped alleviate this housing shortage, the city’s future economic health depends on continued housing production near jobs and transit that can serve a growing workforce.
Growth in Downtown Brooklyn’s Housing Supply, 2018-2022
3 2000 US Census; lists a baseline count of approx. 13,817 units based on 31 Census block groups that correlate with the study area.
4 NYC Department of City Planning (DCP), NYC Department of Buildings (DOB) Housing Database.
5 U.S. Census Bureau (2018 - 2021 ACS 5-Year Estimates), study area
6 Housing production data from NYC Department of City Planning. Jobs data from NYS Department of Labor.
7 Citizens Housing Planning Council (CHPC) analysis of U.S. Department of Housing and Urban Development, State of the Cities Data Systems: Building Permits Database, 2020.
