Why are developers and their lenders ignoring class A suburban sites for new developments? I sold 5 sites in a sub-market in the last cycle(2002-2007),but I'm being told now that it is too far out???
The biggest concern we are hearing is costs of land in these sub markets and lack of density. Most developers are offsetting costs with density, looking for 20-40 units per acre versus the old school 10-15.
