July 29, 2020 By Christian Murray
The Long Island City condo market is currently in a state of flux.
The market was showing signs of softening before the pandemic struck and analysts were also noting that a large supply of units were coming online.
The New York Times did a story on July 3 discussing a glut and looked at what that might mean for developers in a post COVID-19 economy.
We talk to Patrick W. Smith, a new development specialist with the Corcoran Group, about how he sees the Long Island City condo market right now.