From condos to rentals

Downtown's transition from condos to rentals is well underway. Nearly 1,500 apartments will enter the downtown market in the second half of 2006, a 36 percent jump from last year, according to Marcus & Millichap and reported by the Downtown News. That 1,500 figure compares with just 240 in the first half of the year. Demand for apartments remains high, which sort of makes sense considering the young, hipster types who are drawn to the area (and who can't afford a mortgage).