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New Report Paints Dire Picture for Condominium Developers

NEW YORK-The Marketing Directors reports that absorption is set to strongly outpace supply this year.

By Rayna Katz | Updated on January 09, 2013

NEW YORK-A meager supply pipeline of condominiums is likely to create a “physical cliff” for developers in 2013, according to Adrienne Albert, founder and CEO of the Marketing Directors. The company has issued a “New Product Supply” report to clients that tracks and analyzes new development supply and absorption numbers.

According to the report, there is only a six-month supply of new condominium homes scheduled to meet the market in 2013. At 2012 absorption rates, there is not enough inventory to satisfy market demand, Albert says, calling the problem “the physical cliff.”

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