In New York, the subway is really important. When a line shuts down, as is about to happen with the L line, neighborhoods change. The New York Post reports:
It appears that the Williamsburg exodus has begun — with apartment inventory shooting up by 25 percent and rent slipping back down to 2015 prices — thanks to the L train shutdown.
Local hipsters apparently are heading for the hills as the final day of service fast approaches.
“The shutdown is eight months away, which means that anyone who has to renew a lease is thinking twice,” explained Grant Long, senior economist at StreetEasy.
