Real estate: Comparing L.A. loft prices to other cities
EmptyConsidering a loft? In downtown Los Angeles, they hover at $500 a square foot. Here's what they cost in other parts of the country.
Boston: Good thing the city has plenty of cheap beans. A 924-square-foot loft in the Seaport District, where lofts abound, is on the market through MyBostonLoft.com for $529,000 (about $572 per square foot), while in another popular loft area, the Leather District, the company represents a grander, 2,826-square-foot loft for $1.7 million (or about $600 a square foot).
Chicago: Prices run about $250 per square foot, depending on the neighborhood and development. A 750-square-foot apartment in the Shoemaker Lofts, located in Avondale, is available for $219,900, while a neighboring 710-square-foot apartment has an asking price of $249,900. Both are available through Dubin Residential.
Houston: Living downtown in an adap-tive reuse loft doesn't require oil money. In vintage buildings downtown, prices average about $200-$300 per square foot. Inventory might be low in older properties, says Sandra Gunn of Sandra Gunn Properties, but lofts in newer constructions can be found without too much trouble. Still, Gunn currently has a few vintage listings, including two on Main Street: a 1,072-square-foot loft available for $240,000 and another, at 1,267 square feet, listed for $245,000.
Manhattan: Prepare for sticker shock. Stribling and Associates is currently offering a 1,461-square-foot loft in Chelsea for $2.7 million. That's almost $1,850 per square foot. But in the same West 25th Street building, a cozy 733-square-foot loft is a mere $795,000, or $1,084 per square foot.
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