Columbus’s downtown condo market is (of course) suffering under the current housing bust, Columbus’ alt-weekly, The Other Paper, reports.
This is worrisome because the city had vested its hopes for revitalizing downtown on a influx of residential young professionals.
Condo sales account for 2 percent less of overall sales than they did before the bust and many new downtown condo developments are half empty, the paper reports.
This must be happening elsewhere. What will the timing of the economic downturn mean for this relatively new, and once-hot real estate market?