Comments on: Absorption R.I.P. http://www.pegasusventures.net/wordpressblog/2009/02/02/absorption-rip/ The Dirt on San Francisco Real Estate - (Broker, Cal. Dept. Real Estate License No. 773349) Wed, 02 Jun 2010 21:13:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Misha http://www.pegasusventures.net/wordpressblog/2009/02/02/absorption-rip/comment-page-1/#comment-408 Misha Fri, 06 Feb 2009 22:35:06 +0000 http://www.pegasusventures.net/wordpressblog/?p=176#comment-408 Yeah, a couple of other bloggers have also noted that. But FYI, one would expect price per square foot on commercial always to be less than residential. Yeah, a couple of other bloggers have also noted that. But FYI, one would expect price per square foot on commercial always to be less than residential.

]]> By: X http://www.pegasusventures.net/wordpressblog/2009/02/02/absorption-rip/comment-page-1/#comment-405 X Fri, 06 Feb 2009 17:50:35 +0000 http://www.pegasusventures.net/wordpressblog/?p=176#comment-405 And if you look at there is some lag between total on market and sold of course, given the drop, you can expect these sales to fall off the cliff. Just as an FYI on NPR this morning the price of Millenium Tower ($1,000 a square foot, ridiculous you can now live in a commercial space for less than that given how many businesses are closing), went down 15% since they started to put the appts on the market. And if you look at there is some lag between total on market and sold of course, given the drop, you can expect these sales to fall off the cliff.

Just as an FYI on NPR this morning the price of Millenium Tower ($1,000 a square foot, ridiculous you can now live in a commercial space for less than that given how many businesses are closing), went down 15% since they started to put the appts on the market.

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