{"id":2437,"date":"2018-08-07T17:13:13","date_gmt":"2018-08-07T17:13:13","guid":{"rendered":"https:\/\/thezakariagroup.com\/?p=2437"},"modified":"2018-08-07T17:18:12","modified_gmt":"2018-08-07T17:18:12","slug":"newly-built-condos-means-landlords-need-to-up-their-game","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/","title":{"rendered":"Newly Built Condos Means Landlords Need to Up Their Game"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/08\/11-1.jpg\" alt=\"\" width=\"710\" height=\"496\" class=\"aligncenter size-full wp-image-2439\" srcset=\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/08\/11-1.jpg 710w, https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/08\/11-1-300x210.jpg 300w\" sizes=\"(max-width: 710px) 100vw, 710px\" \/><br \/>\nAs newly built apartment buildings boom in the downtown area, the competition for tenants is stiffening up. Luxury condos with top tier amenities like Park 12 is part of the new wave of apartments coming on the market, offering 718 units, which is the largest condo project San Diego has seen. \u201cWe hope to compete for residents by offering a variety of floor plans and price points from $1,705 in the mid-rise buildings to $20K at the top of the building in the high-rise,&#8221;\u00a0Greystar Senior Managing Director of West Coast Development Jerry Brand said.<\/p>\n<p>2017 has seen a great jump in apartments built compared to other years. 1,014 new apartments went up in 2017, compared to last year which was 563. That\u2019s just small numbers compared to a report that shows another 4,128 units approved and ready for construction.The strongest district, Little Italy alone has 600 new apartments that\u2019ll be added by the beginning of 2019. \u201cLandlords with dated amenities are the ones that\u2019ll hurt from these new developments. They&#8217;ll either have to upgrade their condos or drop the price\u201d, claimed real estate expert Sinan Zakaria. Another competition rising in the downtown condo market between new apartments are the competition between amenities different from the traditional ones, but ones that allow interaction among tenants. <\/p>\n<p>Although the future could be rough for landlords with dated apartments, the majority of renters in the market will finally receive what they deserve for their rent price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As newly built apartment buildings boom in the downtown area, the competition for tenants is stiffening up. Luxury condos with top tier amenities like Park 12 is part of the new wave of apartments coming on the market, offering 718 units, which is the largest condo project San Diego has seen. \u201cWe hope to compete [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[8],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Newly Built Condos Means Landlords Need to Up Their Game - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newly Built Condos Means Landlords Need to Up Their Game - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"As newly built apartment buildings boom in the downtown area, the competition for tenants is stiffening up. Luxury condos with top tier amenities like Park 12 is part of the new wave of apartments coming on the market, offering 718 units, which is the largest condo project San Diego has seen. \u201cWe hope to compete [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-07T17:13:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-07T17:18:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/08\/11-1.jpg\" \/>\n<meta name=\"author\" content=\"Sinan Zakaria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sinan Zakaria\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\"},\"author\":{\"name\":\"Sinan Zakaria\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/7a1e8a36b4d0b0dfc88232d91e2716b0\"},\"headline\":\"Newly Built Condos Means Landlords Need to Up Their Game\",\"datePublished\":\"2018-08-07T17:13:13+00:00\",\"dateModified\":\"2018-08-07T17:18:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\"},\"wordCount\":247,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"articleSection\":[\"Blog\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\",\"url\":\"https:\/\/thezakariagroup.com\/newly-built-condos-means-landlords-need-to-up-their-game\/\",\"name\":\"Newly Built Condos Means Landlords Need to Up Their Game - 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