31st May, 2007

Personality Over Parking

Categories: Parking> Trends

parking space

Boston loft and condo conversions are almost always full of character, abounding in unique spaces and architectural detail. One thing they may lack, however, is parking. Yet while it was once considered obligatory to include parking in any condo development, more and more buyers seem willing to trade car convenience for character and fabulous building locations in the middle of everything.“Most loft deals in urban locations were once offices or warehouses, and the vast majority have very little parking, if any,” says Kevin Ahearn, president of Boston-area brokerage and marketing firm, Otis &Ahearn. “But we are finding that today, people are willing to compromise in that area. They want the beams and columns and big windows and unique qualities of interesting conversions — for this type of buyer the offsetting feature(s) diminishes the parking feature requirement within other segments of the market.”

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