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Consider two potential new building projects: an 80 story office building in Chicago that would have a capture rate of 40% OR a 40 unit

Consider two potential new building projects: an 80 story office building in Chicago that would have a capture rate of 40% OR a 40 unit condominium building in Appleton, WI that would have a capture rate of 40%. Which of the following are important in explaining the differences in viability of these projects?

The magnitude of 40% of new office demand in Chicago is much larger than 40% of new condominium demand in Appleton (a much smaller town).

Information about any major new competing projects might be easier to obtain in the smaller market of Appleton.

The actual number of units that would need to be filled in each project is much different, despite the same capture rate.

Knowing how much other supply is planned in each location for each product type.

All of the above.

None of the above.

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