Posted Feb 15, 2008, 7:48 PM
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Registered User
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Join Date: Jul 2007
Posts: 49
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SKW:
Never say never.........but in my opinion, SA is probably 10-15 years away from our market being able to justify mid/high-rise projects (other than one project every four or five years). They're much too expensive to rent (you'd have to get $2-$2.25/sf rents) and very expensive to sell (over $350/sf).
I think SA will behave like other TX markets with regards to urban infill, meaning lots of 3-5 story buildings with limited amounts of retail. My personal tastes find this sort of building type to be better for urban neighborhoods (think West Village in NYC).
Chad.
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