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I wonder if there isn't a capacity issue at developers, lenders, etc. I recall Joel Garreau author of edge city saying it was hard to do multi use, because the folks in residential lending at banks didnt understand commercial, and visa versa. Now thats not true anymore, but I assume that there are limits (and perhaps more at developers than at banks) I mean its not like just anyone can suddenly be a competent developer, and its not like any developer who has been specializing in McMansions can turn around and to a competent job with the kind of thing thats now in such hot demand.

Over time one would expect this to be overcome - but there could be a lag, well beyond the pipeline lag for individual projects.

by AWalkerInTheCity on Jan 29, 2013 1:58 pm • linkreport

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