Disclaimer: I farm. For real. Not iFarm gaming but rather I farm as in I do the real thing growing plants and animals which I deliver to customers year round.
I bought land in the cheapest area that was reasonably close to my markets.
I get free energy from the sun which shines down on us.
I get free fertilizer from the air.
I get free water from the sky and don't even have to use pumps.
I get free growth medium.
Now let's examine the proposed vertical city farms where they're going to use:
Expensive real estate paying high taxes;
Expensive electricity to provide light which is expensive for both the bulbs and the electricity and the labor of maintenance;
Expensive synthetic fertilizers to feed their crops;
Expensive pumps and piping to move the water they buy up their tower; and
Expensive growth mediums or hydroponic systems to grow their crops in.
But wait! It gets worse for them! They're going to produce cheap, low value, low nutrition, commodity crops which they'll get bottom dollar for. What a great way to turn a million dollars into nothing. Big lose.
I on the other hand produce a high end niche meat product where I do vertical integration controlling my feeds, livestock genetics, breeding, raising all on on pasture, then processing in my own on-farm USDA inspected butcher shop and delivered directly to my customers weekly with my own delivery service. I make top dollar.
Vertical farms have been proposed for cities for a long time, the last half century at least. But, they have never translated into the real world for real profitable farming. If it isn't profitable then it isn't sustainable.