Uncategorized June 8, 2012

670 New Condo Units in Belltown?!

Well, there goes the “there are no new condos coming out of the ground” argument. It looks like we can expect 335 new units by the end of 2014, with 335 more to follow if the developer feels that demand will support the supply. This underscores one of the challenges with assuming supply/demand-based appreciation in in-city condominiums; when there are empty lots around, there is potential for more supply. http://www.djc.com/news/co/12041770.html