[Nova08]

Originally Posted by jsbrook

10 Rittenhouse, 500 Walnut, and One Riverside are condos so not comparators. I think the most likely comparators for 1911 Walnut rentals are the Versailles, 1401 Spruce (which should now deliver in 2018), and the Alison Building.

http://versaillesphilly.com/availability/

http://www.phillymag.com/property/20...ison-building/

http://1401spruce.com/ http://1401spruce.com/


I think 1911 Walnut is supposed to have more larger 2+ bedroom units, starting in the high $3000s like all of these places. While 1910 Chestnut will have more 1 bedrooms at a lower price range. Still likely above $2000 for a 1 bedroom, but different demographics and price points.

Ahh, duh...my bad. Still my point remains...A general $2000-3000/month range for 1 bedroom units ain't cheap. I wonder if people have/will forgo all the amenities these buildings provide and location to the peripheral areas that still have quality units, but for $300-800/month cheaper. Just speculating a possible reason why this has stalled for so long.