Quote:
Originally Posted by Good Baklava
I hadn’t considered office tenants, but the fact that vacancy has declined with an influx of new space is better than I would have imagined for Halifax. I remember the issue of office vacancy being raised in the Herald over Queen’s Marque a few years ago. Avoiding speculation, I’m really curious to see where office towers go in the future.
|
I've been wondering how say Barrington, Gottingen, and Spring Garden Road will turn out when the construction calms down a bit, at least along the main retail portions. The effect could be dramatic if the influx of new tenants, residential and commercial, coincides with a post-covid rebound. It is too bad that the United Gulf site development and Press Block have not started up yet, because now's (or 6 months ago) is/was a great time to get construction disruption out of the way.
Construction often gives a kind of false sense of vibrancy in a commercial area. It's good in the long run but in the short term it's a negative for shops nearby. So during the construction a district is often less healthy than it was before construction, for a while. Then it hits a new better equilibrium when the streets are cleaned up and tenants move in.
I'd guess most people prefer Argyle now to what it was like during the years when the Herald was there or the years when the pit was there.
Threaded Mode