With Manhattan condos demanding as much as $7,000 to $12,000 per square foot people are looking further out for luxury housing options. Limited inventory in Manhattan is making Williamsburg Brooklyn condos become more attractive with high profile architects and designers heading up teams that help add to the Brooklyn condo allure.
Dwindling Inventory
It takes a glance at the skyline of Manhattan to see dozens of cranes and plenty of scaffolding indicating growth. This can send mixed messages to those seeking a luxury apartment in Manhattan as it appears that inventory should be growing. However as quick as the condos are built they are snatched up which is keeping the inventory in Manhattan low. This of course continues to push condo prices ever higher keeping them out of reach for the average person. Even those of higher incomes are finding it hard to meet the prices. This is making Williamsburg Brooklyn condos more attractive to buyers who still want to live in stunning surroundings even it if means leaving Manhattan.
Phone Orders
Condos are in such high demand many people will buy them over the phone. As inventories continue to drop people living in Manhattan are willing to look across the bridge for exceptional options that are appearing on the Brooklyn skyline. Inventories in Manhattan have dropped by almost 22 percent since 2010 while prices have risen by 30. Builders and buyers are seeing the allure of Brooklyn with areas such as Williamsburg offering a chic, new lifestyle that has a small town feel with all of the features of a large city.
Brooklyn Living
With designers such as Piet Boon heading up projects in Brooklyn, condos are being given contemporary designs that combine outstanding architecture, interiors and materials that appeal to a global market. Boon specializes in creating optimized spaces with clean lines and a familiar Nordic style that simplifies without taking away from the high end style found in Manhattan condos. Harmony of materials, natural light and superior craftsmanship are just some of the features buyers are finding in Brooklyn condos. Williamsburg has also become a culturally innovative area where a mix of culinary discovery, cultural opportunity and ease of travel to and from Manhattan make it a perfect choice for those seeking more affordable luxury living.
As Manhattan real estate becomes unrealistic for even the higher income buyer, Williamsburg Brooklyn condos provide a viable and desirable option requiring little compromise.
