[WhipperSnapper]

There is a lot of flip flopping in Toronto. Companies are leaving old space for new towers while other companies are leasing the old space to totally retrofit over the next 12 months to eventually abandon their current locations.

This may be what Caltrane is suggesting. We know the majority of space Encana is abandoning is spoken for however, do we know the companies that will eventually occupy the space aren't going to abandon space themselves? This could take upwards of a year. By then, 500,000 or so square feet hitting the market might be a nice reprieve.