CRE vet says 30% of office buildings are 'basically worth nothing'

Re:CRE vet says 30% of office buildings are 'basically worth... by defrost on Monday February 26, 2024 @06:05AM (#39509901)

And yet in the UK two separate companies are opening second and third vertical farm locations on the back of demonstrated profits with their earlier endeavours.

eg: https://www.foodmanufacture.co.uk/Article/2024/02/20/jones-f...

The questions then are why are V-Farms profitable in some locations and not others, where are the locations with cheap enough energy that can compete on local area transportation costs against salad and table vegetable farmers with higher transport issues, etc.

FWiW I agree that back fitting V-Farms into vacant "designed for office use" isn't likely to be profitable, they're better with (see link) open greenfield warehouse spaces with loading docks and a clean slate to optimise layout for tray handling, lifting machines, etc.

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Re:CRE vet says 30% of office buildings are 'basically worth... by hef19898 on Monday February 26, 2024 @06:13AM (#39509955)

So, three vertical farms, of which one was, propably, profitable. That revolutionizes everything!

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Re:CRE vet says 30% of office buildings are 'basically worth... by defrost on Monday February 26, 2024 @06:44AM (#39510166)

Two new V-Farms, one as the third of three owned by one comapny, the other as the second of two owned by a second company.

Ergo five V-Farms, of which three are likely profitable.

If you're going for low hanging snark at least learn to parse English and math a bit.

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Re:CRE vet says 30% of office buildings are 'basically worth... by hef19898 on Monday February 26, 2024 @06:49AM (#39510204)

Didn't read your source, but I did follow the reporting on the death of vertical farming on HN a while ago. Confirmed everything I knew about the field. That someone can make it work, great (we'll see long term so). We are still lightyears away from the agricultural revolution for which people stoll try to sell vertical farming.

I like the low hanging snark joke, goes well with the subject matter at hand!

Edit: Just read the article. Nice PR piece for two vertical farm companies. All that articles contains is claims from the founders and their companies, nothing else. Could be ripped straight of the company websites. Also, 3.6 acres... that is nothing.

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