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Originally Posted by Liberty Wellsian
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ACK! Austin is done. I just didn't know how done it was. That's San Fran pricing from three years ago. It is, however, a beautiful example of what kind of pricing is needed to support towers like that. Rents at the Austonian are approaching $5psf and I'm seeing $900-1000psf in condo sales. The very highest rents in SLC are approaching $2.50psf. So, with our weekly "why don't we wave our magic wand and create skyscrapers!" thread, just think of that. We are at less than half of what Austin is collecting and that's why we aren't seeing high rises. I personally hope we never, ever, ever see prices like that. That's bubble territory for an inland city IMHO.
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