Quote:
Originally Posted by esquire
I hope this isn't like with the TD Tower where it capped off the 80s building boom with a very large project and then nothing more for years and years afterward.
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Unfortunately, TNS is going to more that saturate the office market in downtown Winnipeg for decades to come. The tenants are mostly relocations of existing tenants. Add in the pressures to keep civil service and crown employment sizes static or reduce them supply will be out pacing demand for some time. TNS is going to actually be somewhat of a driving force behind more midrise office to residential conversions as landlords seek to get any form of revenue out of their property.
I actually think it was within the last five years or so the market finally was catching up to the surplus caused by 201 Portage entering the market. I know the buildings between Smith and Garry on the north side were vacant a very long stretch of time before the MB Start/apartment project.