Quote:
Originally Posted by CoryB
The loss of Vitera, Canwest and BellMTS downsizing was really hitting downtown hard in terms of finding tenants. Now add in the TDS reduced their square footage to move into True North, MNP kicked another hole into 201 Portage and when it was down TD has significantly scaled back its operations there too.
It isn't such much the size of True North Square that is the issue but rather there was a large amount of premium (for Winnipeg) office space already on the market with basically no takers. The upcoming Wawanesa building it just going to further twist that dagger.
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If Calgary’s economy doesn’t fully recover, some of the back office operations that might have looked at Winnipeg in the past might just snap up cheap office space there instead.