Stunning photo Martin - great angle. Could look at that all day.
Quote:
Originally Posted by Martin Mtl
1 Square Phillips (61 storeys) and Livmore phase 2 (46 storeys)
Photo by Crs01 @ agoramtl.com |
And it’ll be interesting to see the difference the Dartmouth towers make to the skyline, especially if all three are completed.
A few days back i was reading a commment here where someone wondered if Hamilton had a small amount of office space per population compared to other Canadian cities. That got me checking, and for some reason Colliers does not appear to have a separate report for Hamilton, the curse of being in Toronto’s shadow I guess.
I did find a link to an article in the March 4, 2023 Hamilton Spectator, but as I don’t have access, the numbers I got are just from the Google search summary - “According to Colliers, there is an estimated 6.3 million square feet of office space in Hamilton.”
Which sent me down the rabbit hole around how much office space there is in Canadian cities. Perhaps the most shocking yet not surprising stat (is that even possible!?) is the near total absence of office construction across the county. Of course understandable with Covid and work from home, but for a nation nearing 42 million people (and the resulting growth in the raw number of jobs) with several large cities it’s still seems hard to believe that this sector has for now evaporated. Maybe in five years time we’ll see things pick up as conditions and policies change, but still strange to see a defining architectural element of many Canadian downtowns and skylines evaporate in terms of new additons.
Of the 12 Canadian cities identified in the
Colliers Q2 2024 report the following cities have no new office construction downtown: Edmonton, Calgary, Saskatoon, Regina, Winnipeg, Waterloo, Ottawa and Halifax. Not a single new office building under construction downtown in these significant cities - wow.
As for the others, west to east:
Victoria - 158, 441 square feet (only one building - Telus Ocean, which I’ll include a pic below I took today)
Vancouver - 162, 099 (but 3.5 million in the suburbs)
Toronto - 4.9 million (only 280,298 in the suburbs)
Montreal - 118, 515 (202,572 in the suburbs)
Victoria has the lowest vacancy rate of 7.9% with the third highest price per square foot of $23.65 behind Vancouver at $34.23 and Toronto at $25.89.
I had to go to the city reports to find the total breakdown by downtown and suburb, but it was becoming too much work after a while as the report breakdowns aren’t consistent, so I gave up, lol. So a couple of small ones, Winnipeg which is known for head offices and the giant Toronto. Numbers don’t include under construction:
Victoria: downtown - 5.06 million, suburban - 4.03 million, total 9.09 million
Winnipeg: downtown -12.56 million, suburban - 4.54 million, total 17.10 million
Toronto: downtown - 100.55 million, other GTA total - 155,496, total 256.05 million
Halifax: downtown - 5.19 million, suburban - 8.01 million , total 13.2 million
Telus Ocean construction Victoria:
Telus Ocean Construction - September 26, 2024 by
JohnnyJayEh, on Flickr
Architect Diamond Schmitt:
Prev
[/IMG]
Linear Mode
