Posted Sep 21, 2024, 1:33 PM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 22,855
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Gentification is good for existing stock. The new towers going up are, by and large, overbearing mediocrity. The more that go up, the more the overbearing, stark nature will come into focus.
Hamilton has the number of office towers one would expect from a modernist manufacturing centre. Note: some have been converted since to residential and are completely unrecognizable as office buildings (like Chateau Royale)
Oakville and Burlington suburban office markets have only been around a few decades. Oakville has "stolen" more prospective tenants from Mississauga than Hamilton. I would say Burlington favours Mississauga than Hamilton too.
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