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Metropolitan DC Local Politics
Reply to "Doom loop in cities - Commercial real estate"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’d also be curious about how industrial space in NYC transitioned to residential. I think that’s a way forward for DC commercial property. Become housing and hoteling. Or if retrofitting is too burdensome tear down and start fresh— look at the Navy Yard and the Wharf developments. [/quote] How much demand is there for downtown condos? There is a housing shortage, but is there really a condo shortage, or at least enough of one to justify a large amount of new construction? [/quote] They need to start doing 3-4br condos for families. Most of the new inventory in these buildings you refer to are 1 and 2br units.[/quote]
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