New York

Pickier purchasers: today’s condo amenities are less sexy, more functional

From the March issue: While New York’s new development condo market is improving, most developers are not quite ready to bring sexy back. That’s because, unlike boom-time buyers, those in the market for new development units today are more concerned about functionality than flashy amenities.

During the flush times of the mid-2000s, new condo buyers sought out brand-name, high-end appliances, along with jaw-dropping amenities and niche details. Now, they are much more intent on making sure fixtures actually work the way they’re supposed to. And because today’s buyers are more educated than ever, they can easily spot the difference between flash and substance. [more]

COMPANIES AND PEOPLE

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New York

Pickier purchasers: today’s condo amenities are less sexy, more functional

From the March issue: While New York’s new development condo market is improving, most developers are not quite ready to bring sexy back. That’s because, unlike boom-time buyers, those in the market for new development units today are more concerned about functionality than flashy amenities.

During the flush times of the mid-2000s, new condo buyers sought out brand-name, high-end appliances, along with jaw-dropping amenities and niche details. Now, they are much more intent on making sure fixtures actually work the way they’re supposed to. And because today’s buyers are more educated than ever, they can easily spot the difference between flash and substance. [more]

COMPANIES AND PEOPLE

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