DC’s multifamily condo market is booming as developers aim to lure current renters with a surge of new for-sale options. Until recently developers had favored the rental market, but that trend could be changing.
In particular, some real estate experts say they’ve seen an uptick in condo demand since the Amazon HQ2 announcement. Some estimates predict around 1,700 new condo units will begin sales this year.
This includes nearly a dozen new condo developments with at least 50 units launching sales. That’s the most large-scale projects in a single year to hit the market in about a decade.
Many of the large-scale condo projects are coming to areas that have already experienced a wave of apartment construction, including NoMa and the Capitol…