Quote Originally Posted by mwilbert View Post
I see lots of rentals being built, but they often get converted to condos eventually. I would guess that is generally preferable from a tax standpoint.
It's not common at all with new construction. If a new building is going up rental, it's pretty much always going to stay that way unless the design appeals to buyers with more open floorplans, larger bedrooms and closets and higher ceilings. Otherwise you won't get much value out of selling units that were previously rental in what I call an "econobox design".

The opposite is true for vintage buildings where apartments are merged and gutted to build larger spaces.