3 ms·
"developer would likely seek offices with rents much lower than $55/SF" we can easily see some at $25-35/SF given ~25%+ a yielding $0/SF. Depress the building c
by shaburn 4y ago
"developer would likely seek offices with rents much lower than $55/SF" we can easily see some at $25-35/SF given ~25%+ a yielding $0/SF. Depress the building costs as well. Too many models hung up on the pandemic and tech bubbles.