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Office space rents for more per SQ ft than residential, so landlords have incentive to keep it vacant in the hopes that markets come back.



I work in CRE - anyone reading this completely disregard this silly comment. it is laughably stupid


under 3$ sq ft for residential in LA (talking about apartments)

https://www.apartments.com/blog/what-is-the-average-rent-in-...

around 4$ sq ft for commerical in LA

https://www.colliers.com/en/research/los-angeles/2022-q2-dow...

CRE is WAY higher in the top tier areas of SF, for the obvious reason that historically high startup capital outpaces all other residential price pressures.

This differs in other localities.


> Couple that with the fact that office rents are higher per square foot than residential rents are, and you see why developers aren’t champing at the bit to get new projects underway. Van Nieuwerburgh gave me an example from San Francisco, where Juul’s old headquarters—down the block from Twitter’s improvised dormitory—is for sale for $150 million. That’s a lot less than the $397 million the embattled nicotine vape company paid for it in 2019. But at $400 a square foot to buy and another $400 a square foot to renovate, he said, the conversion would still produce a building with rents too high even for San Francisco. In other words, offices may be down, but they’ll have to fall a lot further before adaptive reuse becomes a bargain.

https://slate.com/business/2022/12/office-housing-conversion...


In other news: internet rando calls other internet rando an idiot! Fails to recognize irony! More at 11pm.


not exactly a thoughtful and interesting commentary, regardless of correctness.


I'll take correctness over thoughtful or interesting. Maybe I don't fit in here.


Oh, I like correctness too. Are you correct? I don't know; you just said something rude and didn't back up your assertion.

As far as fitting in here, have you read the guidelines? https://news.ycombinator.com/newsguidelines.html

>In Comments

>Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes.

>Comments should get more thoughtful and substantive, not less, as a topic gets more divisive.

>When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."


Yes, I've read them. You should probably calm down and maybe take a break from social media.


What exactly made you think the other person isn't calm? Their comment seems calm to me.


>you just said something rude and didn't back up your assertion.

This is a combative tone and suggests they need to calm down. Moreover, they're violating the very rules that they just posted:

>Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes.


I don't sense any combative tone - the statement was describing the state of things in a truthful manner.

I find your tone ("they need to calm down", "take a break from social media") much more condescending and passive-aggressive. Maybe you are projecting your own feelings onto others? Therefore, maybe the advice you're giving to them is actually advice you want to give to yourself?

Note that this is merely an observation - I have no way of knowing as I don't have access to your mind, and I don't care either way, so feel free to label my comment as combative, too, if you wish.


You might still be upset from our previous exchange in another thread about Hanlon's razor, so you found another comment of mine to try and pile on ("Oh no, that's not true, I just decided to participate in this 4-day-old conversation!")

I caught ya. Have a good day!


I don't recall any of our previous conversations, and 4 days is not a very long time on HN front page.

Please try to see communication as sharing more than a battle. It doesn't matter who's right, what matters is to share knowledge and help each other converge to something resembling the truth. Life is much more beautiful from that perspective. Have a good day, too, but sincerely, not in a snarky way.


Well I expected you to deny it, but it's quite obvious, especially with how combative and upset you were in our previous exchange.

But trying to carry on vendettas in other threads isn't healthy or productive, so I suggest you don't seek out other comments of mine to pick fights ;)


I'm sorry you feel that way, especially considering how much effort I put into writing a neutral and non-combative reply. It seems to me that you see hostility even when there isn't any.

Hope you find your peace one day.


I appreciate that you've softened your tone from your earlier hostile remarks.

But getting upset at a previous discussion and then looking up threads of mine to pretend to scold me isn't neutral, it's unhealthy.

This will be my last reply; I'd appreciate it if you don't stalk my comments to try and carry on a grudge. If you would like to get the last word, and try to carefully craft a response to make it appear that isn't what you were doing, you are more than welcome.


You seem to be convinced that I'm stalking you for some reason, and you have crafted a reply that is supposed to make any and all of my words moot.

Regardless, I do not speak to make anything seem to anyone or to have the last word - I speak because I want to communicate. And I'd like to communicate to you that I am most certainly not stalking you. I don't appreciate being accused of it with only evidence being the fact that we had a conversation before, but I understand paranoia and the distrust of everyone it causes in the soul, which is the reason I'm spending my time typing this out in the first place.

Again, I hope you find your peace, or ask for help from appropriate people if you can't. Nothing more than that.


Unfortunate but true. This is just another echo chamber




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