Real Estate
Home›Real Estate›Industry›High-rise comps may miss buyer competition when views…
High-rise comps may miss buyer competition when views differ
The analysis highlights how units with similar listing data can be perceived as different properties when exposure and view differ, even within the same tower.
HousingWire argues that high-rise valuation and comparable selection can go wrong if the market definition does not reflect which units truly compete for the same buyers.
The outlet points to South Florida high-rise markets, saying real estate can be “vertical” rather than purely horizontal, with buyer choice influenced by factors like exposure and view even when two units are otherwise similar.
For example, it describes two units on the same floor and with nearly identical square footage and floor plans, but with different orientations, ocean versus city views, and potentially different buyer appeal, despite matching listing characteristics.
It also notes the complementary scenario where units may be several floors apart but still face the same direction and offer the same floor plan, reinforcing the need for a standardized approach to mapping competitive sets across stacks, floors, and projects.