Quote:
Originally Posted by WarrenC12
So all of that talk of AAA office space shortage and new office towers being built and proposed is fake?
As far as shopping, there's no reason you shouldn't be able to shop close to where you live, no matter what that is.
Downtown still has all of the high end stores, but the days of coming downtown to do your shopping at Woodwards is almost a century out of date.
|
I highlighted "relative" didn't I. Yes there are offices been built after more than a decade in which by my accounts we added one AAA place (Bental 5) and converted several office building into condos. In the meantime suburbs and the rest of Vancouver have added tons of new office parks.
As a side note, I find it particularly perplexing that somebody like Telus is adding office space downtown given that they have made almost everybody work from home. But then again there are rumors that Telus wants to have HQ in BC only (and leave Alberta)
I also wonder how much of our new office space is related to the fact that certain people want to park money into something, anything other then their own countries (this is not limited to China) and how much is it really related to our "burgeoning" BC economy. The timing of building all this office space all at once right now is certainly strange, especially given that some of our our largest BC grown companies continue to move their HQs to Duncan's of the world.
Over the last decade what you have primarily added downtown are the low paying retail, hospitality and restaurant jobs.