Condos in Dowown Bethesda
It happened again today. I met a prospective buyer who was interested in knowing my opinion about the future of condo developments in downtown Bethesda.
There are so many projects under consideration," he said. "And look what happened with The Chase (another downtown Bethesda condo conversion) - they had to sell one of the buildings because they didn’t get enough buyers."
Interesting questions…..and I hope he didn’t really think that I have the answers. I, too, am concerned about the perceived "glut" of condominiums. If everything that’s being proposed actually gets built, it’s hard to imagine that there won’t be at least a temporary surplus. But that’s already making assumptions about the developments currently under consideration. Rumors abound and some are suggesting that the developers are already pulling back and, in some cases, trying to entirely pull out.
Whenever the market changes, there are always people crying that "the sky is falling."