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Old Posted Sep 1, 2021, 4:50 AM
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SIGSEGV SIGSEGV is offline
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Join Date: Jun 2018
Location: Loop, Chicago
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Quote:
Originally Posted by Crawford View Post

Also, I'm not even sure that a high population growth is necessarily a sign of prosperity. The most high-value downtown office cores, places like Midtown Manhattan and Downtown DC, had limited population growth. This is because the highest and best use of land is for commercial uses. If the highest and best use shifted to residential, and former trophy office space were converted to apartments, that would arguably be a sign of relative weakness, not strength.
Typically it's older office buildings converted to residential (like my building!), where the alternative is knocking them down and building a new building (but often that's uneconomical due to lot size).
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