The first bit of good news is that downtown gained nearly 400 residents in the first half of 2009.
The second bit of good news is that nearly 300 condominium units were converted to apartments, stabilizing the occupancy rate of for sale units.
Here's a quick rundown of the numbers:
PopulationThese statistics indicate that the downtown market would be able to accomodate the addition of more residential units. Hopefully we'll see projects like The Alexa, the Ballpark Lofts, the Jefferson Arms and the Leather Trades begin construction in the near future.
− 12,409 residents: 5,000+ new residents since 2000
− 3% increase in residents over December 31, 2008
− 89% for all units
− 86% for sale units
− 90% for all rental units
− 90% for market rate rental units
− 89% for below market rate rental units