Quote:
Originally Posted by edwards
It's been brought up in past threads, but all the views from the hills here make building observatories less popular.
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Maybe the next coming super tall will have it?
SF has relatively good tourism numbers, and decks will sell. Any time an observation deck opens up, and one that is marketed aggressively, it overtime becomes another part of a tourists to-do list. Kinda how tourists in NY all hit up the ESB, WTC, Top of the Rock, and soon to be 30 Hudson and Vanderbilt. The key is marketing. Along with the hills, city lovers will always flock to get new vantage points.
A deck in a way is passive income for the owner(s) of a tower. Most of the income will be front rents, but so long as the deck is not the sole purpose of the tower, its not a financial burden to have one. Kinda have to factor the space used for a deck (lets say 1 floor) vs how much income is brought in compared to how much income they could get if they leased it. Given the tourism numbers, I think the risk is pretty low for a loss.