Allen Matkins
ProfessionalsIndustries & ServicesNews & InsightsCareers

  • Professionals
  • Industries & Services
  • News & Insights
  • Careers
  • Offices
  • About
Manage Subscriptions

News & Insights

Press, Media, & Articles

Explaining the “Condominium Comeback”

Miles Carter in Connect CRE News

Press Mention

3.07.24

The COVID-19 pandemic initially led to a decline in condominium and co-op sales in urban cores and gateway cities, as people sought more spacious surroundings in the suburbs. However, recent statistics from January 2024 indicate a rebound in condo sales, with experts highlighting a return to urban cores and a resurgence of demand in gateway cities. Factors such as practicality, the return to office requirements, and financial savings during the pandemic contribute to the renewed interest in condo living, supported by creative financing options and a focus on amenities, particularly those related to health and wellness.

Related Professionals

Miles Carter

Amenities have always been a lure to attract residents, whether they want to rent or own. These days, condo developers and sellers understand this. According to Miles Carter, senior counsel at Allen Matkins, amenities have become hugely important, especially for first-time buyers.

“Historically, developers resisted including big-ticket, luxury items that would result in higher monthly HOA assessments,” he said, adding that such assessments tended to scare off first-time buyers. However, developers are meeting demand and incorporating luxury amenities into their properties. This is the case “especially when those buyers can justify or offset increased assessments by canceling their gym memberships or using the communal office space to ‘work from home,’ Carter explained.

The experts anticipate a positive outlook for the condominium market in 2024, especially in urban cores.

Read the full article here.

SUBSCRIBE

RELATED INDUSTRIES

  • Real Estate

  • Residential & Multifamily

News & Insights

Manage Subscriptions

Legal Alert

Pending State Housing Laws: New CEQA Exemptions and Expanded Opportunities for Streamlined Ministerial Approval

6.18.25

Legal Alert

Pending State Housing Laws: Rebuilding After a Natural Disaster

6.18.25

Photo of mountains with trees and grass in the foreground

Legal Alert

Recent Amendments to Affordable Housing and High Roads Job Act of 2022 (AB 2011)

6.18.25

Legal Alert

SB 684 and SB 1123: Recent Amendments to the Starter Home Revitalization Act

6.18.25

Legal Alert

Bonus Depreciation Is Back! And Other Big Beautiful Taxes

7.22.25

Press, Media, & Articles

Builder’s remedy could help address housing crisis in Oregon

7.03.25

Photo of mountains with trees and grass in the foreground

Press, Media, & Articles

How CEQA Reforms Address California's Housing Squeeze

7.03.25

Press, Media, & Articles

Daily Journal Recognizes Three Allen Matkins Partners as Top Real Estate & Development Lawyers

7.02.25

Press, Media, & Articles

Allen Matkins Elects Eight Lawyers to Partnership

7.01.25

Press, Media, & Articles

In the Dirt: What investment trends are you seeing among family offices?

7.01.25

Ground up view of skyscrapers at dusk

Press, Media, & Articles

Connect LA 2025: Industry Leaders on a Year That Hasn’t Gone as Expected

6.24.25

Press, Media, & Articles

2025 Land Use, Environmental & Natural Resources Update

6.18.25

Event

Connect Los Angeles 2025

6.18.25

Legal Alert

Now Effective: Builder’s Remedy 2.0

6.18.25

Photo of mountains with trees and grass in the foreground

Legal Alert

Other Pending State Housing Laws

6.18.25

Legal Alert

Pending State Housing Laws: Expedited Approval of Post-Entitlement Permits

6.18.25

Legal Alert

Pending State Housing Laws: New CEQA Exemptions and Expanded Opportunities for Streamlined Ministerial Approval

6.18.25

Legal Alert

Pending State Housing Laws: Rebuilding After a Natural Disaster

6.18.25

Photo of mountains with trees and grass in the foreground

Legal Alert

Recent Amendments to Affordable Housing and High Roads Job Act of 2022 (AB 2011)

6.18.25

Legal Alert

SB 684 and SB 1123: Recent Amendments to the Starter Home Revitalization Act

6.18.25

Legal Alert

Bonus Depreciation Is Back! And Other Big Beautiful Taxes

7.22.25

Press, Media, & Articles

Builder’s remedy could help address housing crisis in Oregon

7.03.25

Photo of mountains with trees and grass in the foreground

Press, Media, & Articles

How CEQA Reforms Address California's Housing Squeeze

7.03.25

Press, Media, & Articles

Daily Journal Recognizes Three Allen Matkins Partners as Top Real Estate & Development Lawyers

7.02.25

Press, Media, & Articles

Allen Matkins Elects Eight Lawyers to Partnership

7.01.25

Press, Media, & Articles

In the Dirt: What investment trends are you seeing among family offices?

7.01.25

Ground up view of skyscrapers at dusk

Press, Media, & Articles

Connect LA 2025: Industry Leaders on a Year That Hasn’t Gone as Expected

6.24.25

Press, Media, & Articles

2025 Land Use, Environmental & Natural Resources Update

6.18.25

Event

Connect Los Angeles 2025

6.18.25

Legal Alert

Now Effective: Builder’s Remedy 2.0

6.18.25

Photo of mountains with trees and grass in the foreground

Legal Alert

Other Pending State Housing Laws

6.18.25

Legal Alert

Pending State Housing Laws: Expedited Approval of Post-Entitlement Permits

6.18.25

Legal Alert

Pending State Housing Laws: New CEQA Exemptions and Expanded Opportunities for Streamlined Ministerial Approval

6.18.25

Legal Alert

Pending State Housing Laws: Rebuilding After a Natural Disaster

6.18.25

Photo of mountains with trees and grass in the foreground

Legal Alert

Recent Amendments to Affordable Housing and High Roads Job Act of 2022 (AB 2011)

6.18.25

Legal Alert

SB 684 and SB 1123: Recent Amendments to the Starter Home Revitalization Act

6.18.25

View All
  • Contact Us
  • Terms of Use
  • Cookie Policy
  • Privacy Policy
  • Request Personal Data Information

Allen Matkins Leck Gamble Mallory & Natsis LLP. All Rights Reserved.

Facebook
LinkedIn
Twitter
Instagram

This publication is made available by Allen Matkins Leck Gamble Mallory & Natsis LLP for educational purposes only to convey general information and a general understanding of the law, not to provide specific legal advice. By using this website you acknowledge there is no attorney client relationship between you and Allen Matkins Leck Gamble Mallory & Natsis LLP. This publication should not be used as a substitute for competent legal advice from a licensed professional attorney applied to your circumstances. Attorney advertising. Prior results do not guarantee a similar outcome. Full Disclaimer