Developers- What are your average land cost in today’s market?

[Canesha Edwards]

I was reading a book about real estate development that basically says land cost should ideally be 15% of project cost. . I’m sure these numbers fluctuate based on location and the type of development being built.

Can any one shed any light on the subject? Developers are you able to obtain land in today’s market at this percentage? Or are you spending more or less on land these days?

Thanks in Advance.

Canesha