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Development News: There’s a New Trend in Town

New Trend In Town

As the demand for new condos grows, and the inventory shrinks, a number of new buildings that were initially conceived of as rentals are now becoming condos for sale. One such building is 325 Lexington Avenue in Murray Hill. A tall glass building, originally designed and finished as a rental, almost ready for occupancy, will be coming to market soon.

I see this trend continuing as long as the for sale market continues to show strength.