Matchett Candy Factory Rents
Crain’s reports that the former Matchett Candy Factory at Wythe and South 4th, one of the handsomest old factory buildings in Williamsburg, is fully rented. Further evidence (viz. 175 Kent) that the market for rentals in former condo developments remains very strong in North Brooklyn. (The market for condos isn’t doing too bad either, but clearly the market right now is in rentals.)
It’s kind of amazing. I mean, when does the supply become a constraint? Looks like there’s still hundreds more units in the near-term pipeline. It’s crazy.