Quote:
Originally Posted by spaustin
Probably a bad time to own properties that would have been regarded as Class A space like Scotia Square and the RBC and BMO Buildings. Several possible futures for them.
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Yes. Tracking vacancies alone doesn't really show the (largely positive) process that is taking place. What is happening right now is much better for the downtown than the stagnation of the 90's. The eventual result will be better, newer buildings, and free space to be backfilled by offices or other uses that otherwise might not have been able to find space downtown.
Another reason why this is happening now is that the bank leases are ending and they are looking for new space.
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