Thread: Canadian Office Space Market
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Old Posted Jun 28, 2011, 1:09 AM
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Quote:
Originally Posted by caltrane74 View Post
Wow! That's amazing and even still sitting at near 10% vacancy. Wonder what will happen when the Bow's leasee's move in and the current office space their renting goes on the market?

Any Honours MBA's wanna take a whack at that one?

I'd be tempted to say once the old unrefurbished space comes online it will be instantly absorbed.
The vacancy rate dropped 6% even with EAP hitting the market during the same period. Who knows what will happen when EnCana and Cenovus exit EnCana Place, TD Tower etc. At current trend, which is only somewhat predictive. the space would lease in 8 months. Did downtown Toronto lease almost 3M sq ft in the past year?
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