Nearly 12M Square Feet of Vacant Office Space in S.F

Re:Nearly 12M Square Feet of Vacant Office Space in S.F by jtbayly on Sunday October 25, 2020 @08:03PM (#24891366)

I was under the impression that building materials are very expensive right now.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by lotsofpulp on Sunday October 25, 2020 @08:07PM (#24891385)

You are correct, metal prices are up 3x and wood at least 2x. Building might be happening due to demand, but not because the materials are cheap. It might be possible that labor in big cities might be cheaper, but I doubt it.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by swsh on Sunday October 25, 2020 @08:25PM (#24891498)

I think you will find that material prices are <20% of the capital cost.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by mariojv on Sunday October 25, 2020 @11:45PM (#24892657)

Absolutely. Check out the price of lumber: https://www.bloomberg.com/news/articles/2020-08-07/timber-to...

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by pbourke on Sunday October 25, 2020 @11:38PM (#24892621)

Money is cheap now.

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Re:Nearly 12M Square Feet of Vacant Office Space in S.F by scurvy on Sunday October 25, 2020 @09:13PM (#24891847)

Yep, soft wood prices are up 20-25% right now.

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