Rental prices soften as new luxury condos soar.
This is a great Philly.com article talking about how rental prices are going to soften as the market starts to shift from building apartments and hotels to building condominiums to satisfy Philly residents craving for luxury condos. The appeal of a condo lifestyle is easy to ascertain. The low maintenance of a condo spans all ages of home buyers who want to enjoy an active lifestyle without the worry of watering the lawn or maintaining their 1900's era estate home. Pick a prime location in the city for walk-ability to shops and restaurants. Then add in the 10 year tax abatement program the city still offers for new construction for the 'cherry on top'!
The development link on the Kurfiss.com website has detailed information on the best luxury condo buildings around the city. It's very helpful when you are searching for specific amenities such as a door man, pet friendly and valet or parking garage. I'm always available to give a tour if a unit catches your eye.