Quote:
Originally Posted by Boris2k7
My current expectation is that Brookfield in Calgary and Stantec in Edmonton will be our last really tall commercial towers for a while, unless we can somehow lure more financial services to this province.
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Considering the vacancy rates around the country (except Toronto) right now, I'm amazed that those two monsters are getting off the ground... Stantec in particular given that it's just starting and because of its size relative to Edmonton's office market. It'll be interesting to see what the office markets look like in two years time.
That said, there were new office towers conceived in the roaring 80s and opening up across the country in the early 90s well after the recession was under way, so I suppose it isn't unusual.