When more people start looking to buy a home in downtown areas, developers start to build condos. Boston provides the latest case study of this market tendency.
"As Boston’s building boom rolls on, developers are building more of something they haven’t built much of yet: condos."
That according to an article by Tim Logan, who finds that condos "are the majority of the more than 4,000 housing units that developers have asked to be permitted by the city so far this year."
"That’s a big shift from the last few years, when three-quarters of the new housing that has surged into Boston has been rental apartments," adds Logan.
The article includes the market rends behind the increasing amount of condo construction, as well as a survey of some of the city's newest condo projects—many of which are far from the ritzy end of the housing spectrum.
FULL STORY: The latest in Boston’s building boom: condos
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Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research