I wonder if the cost of building highrises in Raleigh is higher than elsewhere, at least relative to wood frame.
We build fewer high rises → fewer local contractors with that capacity → less competition → they cost more to build.
Could this be a factor in why places like Nashville, Atlanta, or Charlotte seem to have more high rise construction than Raleigh?
Or, is highrise construction a regional thing where the same contractor building a tower in Nashville or Atlanta would also potentially be a bidder in Raleigh? Or is the lower demand here for highrises (office and/or resi) the main factor pushing the economics away from this and into 5+1 midrise?