There’s a lot of assumptions in this post that are simply untrue. It’s a massive expensive to construct a new building from top to finish.

There’s a reason why people that flip houses don’t demolish them, they gut them and renovate the interior. The vast majority of the cost to construct a building is in the exterior, especially a commercial grade building, the excavation, the foundation, the fireproofed stairwells and outer shell.

You realise they pay someone to do everything for a new building too right? The fact that things take 10+ years should be an indication that there’s a problem.