About 200 of the building’s 420 apartments are reserved, and the building is 25 percent occupied, according to Erin Christman, leasing manager for Kingsbury Plaza. Rents range from $1,400 to $3,200 a month.
We asked Christman why renting might be a better option for some people.
“Right now, the condo market is down,” she says, “and we have a lot of people moving in who want to move into an apartment while deciding where to live or who are in transition with their jobs. Renting is a better idea for them.” She adds that some condos have “high assessments, so it’s more cost-effective to rent.”