Quote:
Originally Posted by MasterG
Parking rates are only one part of the equation... the role of attracting talent, working with other companies and so much infrastructure already existing in downtown's real estate and transportation sectors are all major competitive advantages over suburban sites and are likely going to be increasingly so for the forseeable future.
That doesn't mean that you won't see offices start or move to the suburbs. I suspect you will see some decentralization but more as a function of population (and number, diversity and size of companies) than anything. Manhattan has lots of office space, but not every company wants or can operate there. Same with the financial core of Toronto. Plenty of offices, more all the time but only one piece of the picture of the overall office market.
I don't think downtown has much to worry about.
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My point was more that without reasonable alternatives to driving, people are going to start getting frustrated. If the cities policy is to restrict car commuting, they better damn well have a good plan in place to allow that and should be going "all in".
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