Bushwick poised for new development and growth
Bushwick caught the eye of commercial real estate investors years ago, but more recently developers have started snapping up vacant lots and building rentals for young professionals drawn to the neighborhood for its great transportation, affordable rents, and flourishing restaurant and art scene.
Recent Market Activity
Between 2011 and 2013, the number and price of development sites sold in Bushwick more than doubled, according to research compiled by Ariel Property Advisors. City records show that there were nearly 390 vacant lots in Bushwick in 2012, or 3.7 percent of all the property in the area.