3 ms·
I 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 profit
by Gravityloss 2y ago
I 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.