Quote:
Originally Posted by LeftCoaster
It's only 11% leased at this point.
Asking rates are quite high and the market has so far been unwilling to pay top dollar for a location it is deeming to be sub-optimal.
Personally I'm surprised it has had such little uptake, but the building does have its issues.
This will have a small effect on the new office projects, but this is largely viewed as an isolated case within the industry. I'd expect at least 2 of the next round of office towers to go ahead relatively soon.
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Issues, for sure. The low-rise heritage section reportedly suffers from very low ceiling heights, low enough that some people have been able to touch the ceiling in sections.
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