Interest Rates Are the Actual Site Plan

one parcel, 72 months, 72 buildings — OnlyPlans applet #4

10-year treasury

4.0%

Apr 2024

Jan 2020Jan 2022Jan 2024Dec 2025

Cap rate required—

Units that pencil—

Stories—

Parking ratio—

Project value Δ vs 2020—

Same parcel, rendered at this rate

rate history

Monthly avg of the 10Y yield, Jan 2020 → Dec 2025. Same site assumption. The architect's parti didn't change. Capital redrew the building every month.