Condo Conundrum

Like many other cities, there are condos a-plenty in Seattle. Developers are trying almost anything to get them sold. But the majority remain empty, leaving developers scratching their heads about what to do.

1 minute read

September 27, 2009, 9:00 AM PDT

By Nate Berg

"Prospective condo buyers are being lured by pretty amazing incentives these days. That's because there is a veritable glut of brand new condominiums on the market. A few years ago, it seemed, every parking lot in downtown Seattle was being turned into condos. Many of those projects are coming on line now, during the worst real estate market in decades.

At Brix, which completed construction late last year, two thirds of the building's units are still unsold."

By some estimates, there are thousands more condos in Seattle than the market can currently absorb, which is putting financiers and condo developers in a tight spot.

FULL STORY: Condo Glut

Friday, September 25, 2009 in KUOW

Community / Economic Development Housing Urban Development Washington Seattle Condos View More

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.