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re: Crane City - Why is there is Skyscraper boom in most major U.S. cities?
Posted on 1/19/24 at 1:09 pm to kmcmah1
Posted on 1/19/24 at 1:09 pm to kmcmah1
We’re in the early stages of a commercial real estate meltdown. This will be absolutely disastrous for cities as it will collapse the property tax values for all of these mostly vacant towers when they can’t get bank funding.
Plus, due to the major differences in how plumbing is run, it’s extremely expensive to convert office space towers into residential ones.
Plus, due to the major differences in how plumbing is run, it’s extremely expensive to convert office space towers into residential ones.
This post was edited on 1/19/24 at 1:10 pm
Posted on 1/19/24 at 2:40 pm to kingbob
quote:
Plus, due to the major differences in how plumbing is run, it’s extremely expensive to convert office space towers into residential ones.
Floor plate sizing is a major conversion issue as well.
Here In Charlotte there are still 4 or high/mid rise office buildings under construction but there are basically zero new starts on the horizon. Plenty of multi family still going up though. No shortage of cranes
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