Many downtown luxury apartments sit empty
[{"id": "d70xc6k", "text": "These new flashy, splashy downtown buildings \u2014 they have a vacancy problem,\u201d Nordby says. \u201cThey are too expensive to rent\u201d and there are too many of them. At the same time, he says, \u201cThere\u2019s not much supply of new apartments in the suburbs.\u201d\n\nDevelopers in CBDs could reduce pricing in lieu of occupancy and still profit, but rather hold on until more retail hopefully comes into the area.", "replies": [], "depth": 1}]