What factors determine the pricing per square foot in The Metro?
Our unit pricing is guided by three criteria: • Level (floor) of the unit in the building • Projected view of the unit • Projected “scarcity” of the unit relative to market demand Scarcity is defined here as the relative perceived shortage or excess of supply of this type of unit when compared to other similar condominium units in the local area. For example, we know that there is exceedingly strong demand for larger condominium units in the local market area, which constitutes a pronounced shortage of supply relative to demand. Smaller units are also in demand in the downtown market, but there is less scarcity of smaller units than larger units in this market at the present and for the foreseeable future. The relative adjustments made here for each criteria are nominal in each case, but taken together provide for the range of pricing of our condominiums.
