Riddhi Trivedi-St. Clair, wrote a follow up article loaded with misguided speculation from within the real estate industry. All sources mentioned had one thing in commmon; none of them work in the downtown loft market. None of them sell lofts, and most likely, none of them live downtown. One person quoted was a developer from a competing neighborhood.
The overall slant to the article was a popular misconception; that there are too many lofts. The fact that some developer's are holding an inventory or that some projects struggle was presented as if it's a bad thing. When I work with buyer's downtown, they get my free analysis of pricing, and unfortunately not all lofts are priced where then need to be to sell.
My bottom line: Downtown's growth and renaissance over the past few years is a WONDERFUL THING! While the post disgrace may try to stir up controversy as a way of boosting its plummeting sales, it shouldn't be a concern. The downtown real estate market has growth, appreiation and constantly improving services.