Thanks for all the updates Log!
Quote:
Originally Posted by comoneymaker
I don't understand how you guys have such a modern amazing skyline with so many amazing projects underway while Denver has a total crap for architecture with only a handful of 25+ story projects under-construction and we have 500k more people in our metro.
How much does it cost for a 900sf 1 bed apartment newer build in downtown there?
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I think you answered your own question inadvertently there.
A 900ft 1 bed is more or less unheard of in Vancouver unless in a super high end building. 1 Beds are typically in the 450 to 650 SF range with a 2 bed being 700-1,100 SF.
Vancouver is very land scarce, with mountains to the N and E, the US border to the S and the ocean to the W. With land more or less built out the only solution is to build up.
It makes for a nice skyline, but the downside is that property prices go through the roof. Low end product goes for about $700/SF with high end going for $1,500/SF or more. This means a 900 SF space will cost anywhere between around $650,000 for a low end unit to $1.35+ million for a high end unit.