
Real estate takes center stage in LIC once again. A recent study indicates that rents in LIC are catching up to those in Manhattan and now lease at only an 11% discount. There are probably a lot of moving pieces in that calculation, but it sounds about right according to my back of the envelope anecdotally-based analysis. For reference, that discount was closer to 25% back in 2008.
This occurs just as [Read more…] about LIC REAL ESTATE TRENDS AND ZONING THOUGHTS




