Apr 2008 15

Since last years collapse of the sub-prime market, luxury builders have been getting requests for smaller floorplans.  People are trending away from large great rooms and moving towards more specialized rooms such as media centers and home offices says a spokesman for luxury specialist Pulte Homes.

Even furniture makers are following the trend and its paying dividends.  “Apartment sized” furniture has been estimated to increased demand by 30% since last year. 

I believe this can only help the condo market.  Many people are looking for a somewhat maintanence free livestyle and the smaller living spaces of condos provide that.  Plus, many of the full-service luxury buildings such as the Ritz Carlton, One Charles, The Clarendon Back Bay, and the Waterworks all have common areas which many residents use as extensions of their homes.

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