Quote:
Originally Posted by Stormer
Saskatoon seems to have an issue with major offices not being downtown (as compared to Regina). I do not understand why this is. Cameco, Areva, McDougall Gauley are all large offices not downtown. What gives?
|
Well this is just me speculating but it seems to me that there are a number of factors.
Regulation (probably the biggest) Regina prevents most big office building from being built outside its downtown.
This leads to availability of space in the suburbs
land value also plays a roll. Why buy a 5 million dollar small piece of land when you can buy 2 million dollar big piece of land and be able to park for free.
There are no tax disincentives for large businesses to build outside of downtown
Rent down town is no differently priced then rent in other cities downtowns but is way cheaper in the suburban market..
So its a combination of things that have nothing to do with how many bike lanes we have downtown or how good(or terrible) our bus service is. Are they nice to have? hell yes. But they will not make a company consider moving downtown. If there are no companies moving downtown why would people? Isnt the point to live close to where you work? Therefore until the city changes how they view suburban office development projects downtown, most of them, will flounder.