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A comment on Marc Andreessen says he’s for new housing, but records tell a different story. Parent comment

Re:Marc Andreessen says he’s for new housing, but records te... by bobthepanda on Friday August 05, 2022 @01:36AM (#32352141)
Given the high cost of conversion, those interior spaces will not command the rent to cover their conversion costs. And to leave it alone would force rents in the rentable areas up even higher.
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Re:Marc Andreessen says he’s for new housing, but records te... by shaburn on Friday August 05, 2022 @01:59AM (#32352303)
"developer would likely seek offices with rents much lower than $55/SF" we can easily see some at $25-35/SF given ~25%+ a yielding $0/SF. Depress the building costs as well. Too many models hung up on the pandemic and tech bubbles.
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