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October 31, 2008

Best places to buy New Condos


A recent article on highlights the top Real Estate markets in the United States, most likely to rebound. Forbes believes that watching the commercial market can be a great indicator of where the Residential market is headed, thus the perfect place to move into a new condominium. Here is the surveys criterion:

“The best cities in which to invest are those that are considered gateways to international investment, have vital downtowns where people can forgo cars, and don’t have a glut of condos or office space.

Based on this criterion, Seattle was ranked as the #1 city most likely to rebound. Essentially, this is where you want to purchase New Condos for either investment or residence. As the article stated:

“Apartment vacancies are low and there aren’t too many new buildings going up, meaning the market won’t be oversupplied. The same is true in the retail space.

So if the same is true for retail space, and the commercial market and economy are improving and/or doing well, then these urban and mixed use properties should benefit the most. Not to mention that both will be LEED Certified.

Rollin Street: Across the street from a Starbucks and Whole Foods Market, with easy access downtown on the new Seattle Streetcar line that runs directly in front of the property.

5thand Madison: Surrounded by some of Seattle’s best hotels and restaurants including the Fairmount, the W Hotel, Hotel 1000, the Metropolitan Grill and the new Purple Café and Wine Bar.

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