Quote:
Originally Posted by 1overcosc
Ottawa is the best performing office market in the country right now? That's a big shock, given that the downsizing feds are vacating a lot of their rented office space right now.
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Keep in mind that a few million square feet of downtown office space is off the market for renovations. These buildings aren't reflected in the numbers.
Quote:
Originally Posted by jeremy_haak
While IT does have a history of locating in suburban office parks (cheaper rent?), there have been some notable exceptions - every single Google office in Canada and Apple and Amazon in Toronto, for example.
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A lot of these high tech companies built there HQ in the 90s back when it was popular to build huge suburban campuses with plenty of green space, parking and amenities.
Thankfully, we're seeing a reversed trend in OT with companies like Open Text and Shopify settling and expanding downtown.
Quick question for the rest of Canada; how much office space does your respective CBD hold? OT has around 20 million square feet, including a few buildings under reno. Downtown Hull has around 6 million.