Quote:
Originally Posted by 1overcosc
It's amazing that even with the uptick of tech vacancy rates are still that high. This is a double edged sword; it means that office rent prices, especially the critical downtown ones, will remain affordable as companies compete for tenants. But it also means that there won't be as much potential for new office development, which could handicap efforts to redevelop Lebreton, as residential likely isn't enough to generate the profits needed to build it out.
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I would love to see more of these urban tech campuses that are happening in the U.S.
https://www.citylab.com/life/2018/02...campus/553379/
I guess Shopify would have one once they occupy their second building, but it would be great to see some of the more mature Kanata companies embrace downtown. Doesn't look like it'll ever happen.
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