With 'L-pocalypse' averted, run seen on Williamsburg rentals
Gov. Andrew Cuomo's announcement this week that the long-anticipated L train shutdown is being called off has set off something of a flurry of interest in Williamsburg real estate, according to local businesses.
Can Nomer with MNS, leasing director at LEVEL, tells News 12 that business is now better than ever, with a spike in appointments, applications and phone calls. He says interest has doubled.
Now for the big question: with more demand, will rental prices go up, too?
"That's obviously in discussions," he says. "We are going to be meeting on it starting next week and deciding how we are going to position our pricing and concessions."