Adi Talwar
It's not always clear what rezonings did that the market wouldn't have anyway. After the rezoning, rents in Williamsburg increased by 21.3 percent. But during the same period in Bushwick, median rents increased by 20.2 percent.
“Two years into the pandemic, the city is moving ahead with a return to ‘normal,’ but the pre-pandemic real estate market’s ‘normal’ is not something to which we should aspire to.”
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