Manhattan Rents Beckon Brooklynites
About a month ago, Philip Bjerknes, an advertising executive who has lived in Brooklyn for six years, made a surprising discovery: He could get an apartment in Alphabet City for less than he was paying in Williamsburg. "I lived [in Williamsburg] for the postindustrial charm or the affordability and neither of those really exist anymore," said Mr. Bjerknes, 27 years old. "I love Brooklyn. It's adorable, with great places to eat, but they also have that in Manhattan." Indeed, Mr. Bjerknes in 2006 joined the torrent of young professionals who have fled to Brooklyn in search of affordability and helped transform neighborhoods like Park Slope, Cobble Hill and much of Williamsburg into pleasant, restaurant-filled enclaves. Now, prices in those neighborhoods often have risen so much that some in Brooklyn are making the reverse move to Manhattan. With the mean rent for a studio in Williamsburg topping $2,700, apartment hunters are likely to find cheaper p...