Demand for Williamsburg rentals decreases due to L-Train shutdown
AP Photo/Mary Altaffer
The availability of Williamsburg rental apartments on the market is up, and the demand for them is down – almost certainly because of the looming shutdown of the L train’s East River tunnel scheduled for April.
Curbed, citing a study from StreetEasy, said that the demand for Williamsburg rentals is down 1 percent since last October.
Williamsburg is the only neighborhood in the city that has experienced a decline in rental demand since last year.
Rental demand, however, has grown 1 and 2 percent, respectively, in Greenpoint and Bushwick.
While those neighborhoods will still be impacted by the L-train shutdown, riders there will have access to subway alternatives, such as the G and M trains.
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Watch South Williamsburg closer to the M J Z train completely explode, rents zoom zoom zoom there.