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Originally Posted by DowntownBooster
It seems that most major cities in North America continue to grow and with that the increase of demand for more office space and subsequent development of more towers. Why is it that Winnipeg seems to be the exception to the rule? We always seem to hear that Winnipeg is growing yet we also hear that if any new buildings go up it only means that existing companies are relocating from older buildings to newer ones. What seems to be the reason that Winnipeg can't seem to grow its office demand like other cities instead of just the reshuffling that goes on? Is there no hope for Winnipeg in that regard? Maybe the desire to be like other growing cities just isn't a reality for Winnipeg. The population may likely continue to grow but perhaps we just won't be a city that gets larger in terms of office demand/development.
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Winnipeg does all right in terms of office space. We're not really that out of the ordinary. If you compare Winnipeg to somewhere like Calgary, well...we'll always be far behind. In fact, Calgary is a real outlier in global terms for a number of reasons but the least of which is how much office space it requires. Those days may well be over with the price crash at the same time as an accelerated push to alternative forms of energy.
Most cities in the world build themselves around a dense residential core. The North American model is definitely the odd one out. It's actually a good thing that we're heading that way now instead of the old model of spreading out forever.
Remember that when those companies leave for newer buildings, somebody eventually comes along and takes the space they've vacated. When they don't then somebody has to repurpose the space. There's nothing inherently good about office buildings except that they tend to be taller than residential.