Thursday, April 26, 2007

your city's high rise boom: more residential or commercial?

There was a time in downtown high rise construction in the US that virtually all tall buildings were commercial and that many of corporation built its own tower as a HQ which gave it a high profile.

Nowadays, virtually no company would build (or come close to filling) its own high rise. Commercial buildings are b uilt on speculation and downtowns that once shut down after 5:00 when the commuters went home often find themselves alive with new residents in new condos and older office buildings converted to condo use.

So let's look at new construction in your city: are we living in an era when residential high rise construction is actually exceeding commercial high rise construction. Specifically, in your city's downtown, are most of the new high rises commercial or residential? About (as in an educated guess) what percentage of the new construcgtion falls into both categories.>

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