
FLOODING, shooting, the plagues are upon us in LIC. Pestilence anyone? No, that’s been temporarily superseded by Gamestop this week. ((requisite mention for all journalists this week, and if you don’t know, don’t bother)) Yet the real story for the large majority of residents is the increasing evidence of significant rent reductions here in Long Island City. According to a recent report by real estate firm MNS, rents here are down 14.42% year over year. Of course readers of LICtalk won’t find this overly surprising, as that’s the exact percentage we predicted back in May.
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