Posted Dec 4, 2014, 6:05 AM
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Registered User
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Join Date: Jul 2001
Location: Vancouver
Posts: 41,663
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From BisNow:
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Among the first of the new offices to open in 2015 is MNP Tower... The building is 76% leased, with occupants including MNP (72k SF), Atimi Software (40k SF), and CBRE itself taking 24k SF. Other buildings, like 745 Thurlow (89%), 725 Granville (91%) and Telus Garden (98%), also are substantially pre-leased. There's strong demand for new buildings in a flight to quality, given the bulk of the existing downtown inventory is 40-plus years old. Norm notes that rental rates for existing inventory reached their peak as the office projects got under construction. “Now it’s a question of what’ll happen to rates once all the new supply hits in 2015.”
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https://www.bisnow.com/archives/newsletter/vancouver/3522-inside-mecs-nifty-new-hq/
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