Quote:
Originally Posted by studentview
I attended the Collers Breakfast this morning and to say the least it was very informative and gave us a real glimpse of what to expect in the coming year. Although a lot of it was tom reading off a lot of number he spoke of continued growth and a center that is a leader in canada in terms of retail growth and pricing for industrial properties. forgive me if some of the details are a little weak, it was 7:30 in the morning. Tom expects an announcement in the next 12-48 months and i quote "1 to 2" office towers in the downtown. to realise this though, current lease rates which seem ridicilously priced at 15-20 /sqft will have to increase to 30 for any company or developer to justify new construction. to give a glimpse of wher we are in comparison, a developer with no main tenant has an office tower goin up that will house 1.3 million sq ft. this same number represents all of the square footage in all of downtown saskatoon. amazing. he spoke of our industiral land outside the city and because there has been such a shortage, huge lots for industrial subdivions or business parks are being bought along highway 16. also the prime 26 acres in the university heights area is set to go on sale somtime this year. im sure there is more but i was half asleep, but enjoyed the news on our hot market.
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DUM-dum-DUM-dum-DUM-dum-DUM-dum-DUM-dum....!
Can't you just hear the drums beating in a crescendo, the wheels turning, the stars aligning until BOOM! everything we've been waiting and hoping for comes our way
And then we party
Ya, sorry about that... but the announcements have to start pouring down on us eventually!
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