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Bushwick's Gentrification Continues, Now With Statistics!

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Image via <a href="http://www.crainsnewyork.com/article/20110417/REAL_ESTATE/304179997">Crain's New York Business</a>
Image via Crain's New York Business

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The Bushwick's-the-new-Williamsburg maxim has always gotten a lot of play throughout the past couple years, but now we have some statistics to add to it all. Crain's New York Business has some math for you to do about the alleged soon-to-be booming retail scene of Bushwick, like this one: Did you know that the going rate per square foot of retail space in Bushwick is $70? Sure, ten years ago it was only $24, but compare that to Williamsburg's $125 per square foot. They also note that a bunch of new stores have been popping up in the neighborhood, like Hana Natural on Wyckoff, where you can buy food health food galore—like Korean pears for $2.79 per pound—24 hours a day.

Crain's reports: "The change is indeed dramatic. In the last year alone, three cafés, two bars, one art gallery, one organic grocer and several other retail businesses have opened. And more are on their way, as people stream in from neighboring Williamsburg and other areas in search of a meal, a drink or just a look around, and as artists and others take up residence." So what have we learned? That anytime a Gossip Girl-er pops up, you know it's serious.
· Bushwick, Brooklyn, takes off as next Williamsburg [Crain's New York Business]
· Bushwick Gentrification Watch [Curbed NY]