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I'm not sure the logic in this article is as clear as it could be, but I agree with the general idea that older buildings are generally more affordable than new. In addition to having to compete with newer buildings for tenants, most older buildings have already recouped developers' initial investments, unlike new buildings, which charge outrageous rents in order to turn a profit as soon as possible. I actually live in the building linked to "lower rents" (Cole Spring Plaza), and I can confirm it is much more affordable than all of the newer buildings in DTSS. But I don't feel like I'm giving anything up - our apartment is comparatively huge (850 sq. feet vs. 600ish in 1 BR apts in new buildings), has a fully renovated kitchen and bathroom, and all utilities are included in the rent (try finding THAT in a newer building). Plus the building staff is amazing and dedicated to making their tenants happy, which is definitely hard to find these days, especially in new buildings.

by Rebecca on Jan 19, 2012 3:55 pm • link • report

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