Well-connected property developers is probably the right term. Random out of town or new to the game property developers looking to start building are effectively priced out, while those with political connections learn about public property sales, are able to get special one-off rezonings, can grease the wheels to get their permits unstuck, etc.

There’s not enough development, which keeps the gap high between what it costs a well-connected developer to build vs what a finished building is worth.