Quote:
Originally Posted by GenWhy?
Yeah we'll see what the office market is like in 2025 for downtown higher end product. We've switched three office buildings to hotel.
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A lot of that happening recently.
It seems like quite a number of developers don't see the office market recovering fast enough any time soon to justify doing more office space, even with the vacancy rate edging downwards in the most recent assessment.
On the flip side, with the recent regulations impacting the AirBnB market and creating (even) more need for hotel space in the city, we should expect to see more hotel component beign added to major developments moving forward, or converted from previously proposed office space.