2 ms·
The land is worth a lot, even the shabbiest office building on top of the land is still worth quite a bit, it's the demolition and remediation costs that cancel
by MichaelZuo 3y ago
The land is worth a lot, even the shabbiest office building on top of the land is still worth quite a bit, it's the demolition and remediation costs that cancel the latter out, because they are also quite a bit.
Someone still needs to buy the land and then pay out of pocket for the demolition and remediation costs.
- anotheruser13 3y agoIn my city, there are quite a few office buildings started or built during the pandemic. They are "see throughs" because there are no tenants and it's probably not likely there will be anytime soon.