Downtown Office Strategy
http://hamilton.ca/NR/rdonlyres/8F82...01PED09315.pdf
As per the Corporate Strategic Plan, the Downtown Office Strategy has been prepared with the primary goal to decrease the office vacancy rate by 25% in the Downtown Core based on a 2008 baseline by January 2011. The 2008 baseline inventory accounts for a vacancy rate of 15%.
Within the Strategy Area, over five (5) million square feet of office space has been inventoried, including 93 buildings each containing at least 5,000 square feet of office space use. Over 771,000 square feet is vacant, accounting for a vacancy rate of approximately 15 percent.