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Old Posted Oct 2, 2015, 3:55 AM
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esquire esquire is offline
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Quote:
Originally Posted by Simplicity View Post
Downtown Winnipeg has ~8.5MM square feet of office space. Of the 8 major centres in Canada, it has the lowest average rents (lower than Halifax!). As of Q2 of this year net absorption was negative ~33k square feet and that the ~81k square feet of Centrepoint that hit the market this year. Vacancy is at 11% and climbing.

Naturally, we move the market by ~6% and add 500K of subsidized office square footage.
As excited as I am to imagine this new complex once it is complete, it does give me the same feeling I get when I put down my credit card to make a pricy and irresponsible purchase. There is really no justifying it.

So which buildings will get hit hardest by the construction of TNS? I'm assuming there will be some inflow from the suburbs, but I'm sure some will be coming from likely class B downtown buildings?
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