L train disruption effect on Williamsburg rents (real estate, rent)

[Brooklyn0420]

With the eventual disruption of the L train service, has anyone found Williamsburg rents being effected lower? They seem to be rising despite the uncertainty of the service.

[Gantz]

They will go down once the L train will actually stop running between the boroughs.

[BBMW]

There will probably be a shallow dip in rents in the middle of the outage. It will shoot back up to where is was, if not higher, a month or two before it comes back on line.

[bklynkenny]

Now the question is will other neighborhoods have a rise in rents because of this? Where do the people who would be lived in Williamsburg now go to?

[ShirlMastic Beach]

I don't think this will cause rents to go down. It is so short-term it the life cycle of real estate. There are already people waiting to get deals out of the disruption. Williamsburg is already developed, they'll get creative about it.

[HellUpInHarlem]

wont effect the rent at all

[Bronxguyanese]

Rents won't go down in Williamsburg, Bushwick, Chelsea, meat packing, east village, les and Greenpoint neighborhoods due to the year long L train shutdown. I only see rents stagnated for the year then going up when the MTA hosts the reopen of the L line in an apple store San Francisco style.

[WhyRUMad]

Timmmmmmberrrrr

[raveneye217]

What's the cheapest rent you can find in Williamsburg for these days, especially if 1 bed/1 bath?

[wawaweewa]

Rents can only go up!

I agree that rents won't drop significantly because the outcome is known. Especially after the Montague Street Tunnel actually re-opened ahead of schedule.

I think that a catalyst that will cause rents to drop is if there are significant delays/unknowns once the work gets started. The higher the uncertainty, the more rents will fall.