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Old Posted Feb 3, 2015, 7:31 PM
Londonee Londonee is offline
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Join Date: Aug 2005
Location: Fitler Square (via London)
Posts: 2,041
Quote:
Originally Posted by Philly Kid View Post
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.
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.