[Wooster]

Originally Posted by caltrane74

I don't see it as possible, that The Bow could fill up with all the vacated tenants for other towers, an not one single new tower would have been in the pipes, otherwise, as a business, I would prefer new space, to beat up old office space built in the 1980's if that option was available.

I don't see this materializing, there will be loads of new office space on the Calgary market once the Bow opens its doors. And it will take a long time to retrofit and upgrade existing buildings before any new tenants move in.

Comon, MBA, you know the value of premium office space, and the returns on the bottom line and branding visa via setting up shop in outdated accommodations.

The buildings that EnCana and Cenovus are leaving aren't exactly C-class office spaces. Remember that for every EnCana, Shell, or Suncor there are many more small and mid-sized oil/gas service companies that can't afford the AAA space. Those companies are taking up many of these subleases.