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Also in terms of housing cost, the major players in building new apartment buildings are real estate developers. Their number people tell them exactly how to ma
by JBlue42 10y ago
Also in terms of housing cost, the major players in building new apartment buildings are real estate developers. Their number people tell them exactly how to maximize profit per square footage and that goes into the design from the beginning.
I was having a thought the other day that, were I a developer, and could afford to, what would I do with a five-story building? Ground floor commercial, top floor market rate (or above?) and then floors 1-4 a percentage below market rate with maybe a set increase for each year. I guess it would work as long as I factor in paying back to the bank and making a certain profit (but not the max). I don't know, I'm not a developer, I don't even know how one becomes one without already having money to do so, but in my AEC office design decisions are one thing but at the end of the day it is 1) building as cheaply as possible while 2) maximizing profit per square foot.