Downtown Sarasota luxury condo supply remains shy of demand

Although more than 700 units are planned or under development in Sarasota, the influx of buyers from across the country — many of them paying cash — outpaces development.

Luxury condominium tower Bayso nears completion at The Quay in Sarasota.
Luxury condominium tower Bayso nears completion at The Quay in Sarasota.
Photo by Andrew Warfield
  • Manatee-Sarasota
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As cranes continue to rise from the ground in downtown Sarasota, bringing a continuously growing supply of skyward-reaching luxury condominium towers, it raises the question: When is that supply going to outpace the demand?

The answer from those whose job it is to sell those units, which can cost upwards of the mid-teen millions, is not anytime soon.

 

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