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Isn't it just a case of building higher and higher until there's an economic downturn. The record skyscrapers for many years will be the last ones built during
by Gravityloss 2y ago
Isn't it just a case of building higher and higher until there's an economic downturn. The record skyscrapers for many years will be the last ones built during the upturn.
- aziaziazi 2y agoIf we see skyscrapers as an end, yes. If they are a mean to an end it would be smart to compare them with other means.
- Gravityloss 2y agoI assume the skyscrapers are very useful, but on the other hand, the cyclical nature of building is probably extremely inefficient, so not sure about the profitability. Sometimes governments can work against the cycle. Like build warships when drydocks don't have commercial orders and so on. I don't know if any companies or funds are big enough to do this.
- bobthepanda 2y agoThe record breaking ones are often vanity projects first and built with profitability in mind second. They're so big they are hard to fill; their architecture and floor plans are built with potential tenants as an afterthought; and because they are built at high cost, their mortgages demand premium rents that may be out of line with the general office market. --- You build a vanity skyscraper against the cycle at your own peril. The downfall of Sears is sometimes correlated with the opening of the Sears Tower in the '70s.