Boston Agent (BA): Tell us about how Boston’s construction market is doing this year?
|Sue Hawkes, owner of|
The Collaborative Companies.
Obviously, up until the last few years, financing condominium projects was more challenging. That was pretty true almost everywhere, except maybe New York and San Francisco. That’s certainly switched now. It’s changed entirely. We now have a large development cycle that’s inclusive of condominiums, as well as the rentals. Some would argue that we’ve got an over supply of rentals. I think that it’s not so much the over supply that might be the issue but the required price point for the rentals that are being built can only be satisfied by the highest end consumers.