Quote:
Originally Posted by uzi
Toronto has seen tons of residential projects in last few years, I hope next few years are for office boom.
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Hahaha, that sounded absurd when I first read that..as you (likely) know, Toronto is booming already with the downtown office market, the momentum has only been growing in the least fifteen years as the city has grown (more people downtown have been a huge cause for this as more talented workers/people are near to what could be a commercial project). Keep in mind
downtown vacancy rates are down to 3% for AAA classified space.
Toronto's residential markets will continue to buzz along, but we will be seeing some very noticeable commercial development in the city now and soon with the news of 160 Front. This is alongside the Daniels' Waterfront phase one, the two Bay Park Centre towers, Bay Adelaide North in a few months/years, the Well Office tower, and potentially any of the real big commercial projects proposed. (The Hub, Commerce Court III, East Bayfront)
And you'll have smaller or mid-sized projects like 25 Ontario (coming soon), 388 King West, and the Union Centre.