Search
 

Multifamily Market Adjusts to End of Condo Craze

BOCA RATON, FL-The condo conversion craze may be over, but it may lead to strength in the multifamily market with the supply of rental units on the decline, says Kenneth Krasnow.

By Natalie Keith | Updated on March 12, 2007

(To read more on the multifamily market, click here.)

BOCA RATON, FL-With the condominium craze ended, Florida’s residential market is going through a transitional phase, but one that could bode well for the multifamily market, according to Apartment Realty Advisors’ newly appointed COO for Florida Kenneth Krasnow.

“The market is clearly going through an adjustment period,” Krasnow tells GlobeSt.com. “In the past few years, there was a frenzied period similar to what you saw with the dot com boom.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.