Posted Feb 3, 2015, 7:31 PM
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Registered User
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Join Date: Aug 2005
Location: Fitler Square (via London)
Posts: 2,041
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Quote:
Originally Posted by Philly Kid
Construction costs in the city don’t help matters either, Emmons says: “In Philadelphia, it costs about $250-$300 a square foot to build [a place like Naval Square].” Meanwhile, luxury homes in the city sell for about $200 to $300 a square foot. You do the math. That doesn’t leave much room for error.
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Emmons should probably get out of the suburbs and come into town and do some additional research. The building next door to this property is now commanding $1,000 per sf.
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