Tyrone Richardson of The Post and Courier has an article on the resurgence of the Charleston condo market. While the article references Palmetto Place as a condo being converted from rentals, that development initially was a condo deal that failed and was converted to rentals and now the Florida buyer is selling the units (again). Seth Clark, our resident condo expert at Colliers, says the best barometer of a resurgence is new development, and we haven’t seen that yet, but we suspect we will by the end of 2014, first on the Peninsula, second infill sites, and third in the suburbs.
Posted on February 17, 2014, in CHS, CHS Multi-Family, CHS SFR Residential Market, Commercial Real Estate, Development and tagged Charleston Commercial Real Estate, Condo development, Development, Post and Courier, Residential market, Residential Real Estate Market, Seth Clark, Tyrone Richardson. Bookmark the permalink. Leave a comment.