By Coco Clayman-Cook

These are interesting times in which we are living.  As I look at how the market has changed in the last year I cannot help but note how the dynamic of the average luxury condominium has changed recently.  Of course there are still young married couples, and young upwardly mobile executives buying luxury condominiums as well as retirees who want to downsize and smart savvy singles.  But increasingly there are more and more companies purchasing luxury condominiums to be used as a corporate asset.

When you think about it - it makes a great deal of sense.  Luxury condominiums are a great investment and can be much less expensive than staying in a hotel.  More and more corporations are picking up great deals on these condos and using them for interim housing for executives.  It makes a great deal more sense than throwing money away on five star hotels.  Personally, I think it's an incredibly smart solution to any corporation's temporary housing needs. To me each and every big firm should have one.