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Updated over 1 year ago on . Most recent reply
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Strategy with large buildings
I keep seeing these super large concrete buildings going up even where there are empty buildings available a block away. These are financed and available so they aren't built for a specific purpose. I'm trying to understand that strategy and how they get financing. It also doesn't seem possible that market retail rents would cover the expenses of such a large new build
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Quote from @Brian Plajer:
I keep seeing these super large concrete buildings going up even where there are empty buildings available a block away. These are financed and available so they aren't built for a specific purpose. I'm trying to understand that strategy and how they get financing. It also doesn't seem possible that market retail rents would cover the expenses of such a large new build
Your talking about large manufacturing type buildings? If that's the case, it's no secret that the US is re-patriating jobs from overseas. Somebody is putting that up hoping that the next microchip factory, i-phone, tesla battery, etc will come in and occupy it.