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PODCAST: The State of the LIC Condo Market

July 29, 2020 By Christian Murray

The Long Island City condo market is currently in a state of flux.

The market was showing signs of softening before the pandemic struck and analysts were also noting that a large supply of units were coming online.

The New York Times did a story on July 3 discussing a glut and looked at what that might mean for developers in a post COVID-19 economy.

We talk to Patrick W. Smith, a new development specialist with the Corcoran Group, about how he sees the Long Island City condo market right now.

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8 Comments

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Surreal estate agent

With telecommuting, a lot of high earners no longer need to live in the city. With on-line shopping, not much need for commercial real estate tenants.

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ThatsSmartLandlards

Let’s see. People are fleeing NYC. So let’s keep making more condos.

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Abdul

Condo projects take years to plan and implement. Any condo projects that are still being developed today have been planned out and invested into way before the virus.

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Jabbar

They sure planned well. That’s why people are sitting on top of each other every morning on the 7 line. Let’s keep stuffing more people in the condos.

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Wealthy, elite condo developers like Trump built this city

Why don’t you support the president?

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Trump Allowed Coronavirus to spread in this country

@Wealthy, elite condo developers like Trump built this city
Why don’t you like getting covid?

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