Canadian Office Space Market - Page 23

Coldrsx · #**441** Posted **Mar 28, 2012, 10:52 PM**

Although not new, more action in Edmonton. This time with APEGA.

http://www.edmontonjournal.com/enter...967/story.html

shreddog · #**442** Posted **Mar 29, 2012, 12:54 PM**

Quote:

Originally Posted by Dirt_Devil

I would be curious to see the CMA's numbers, where Montréal probably still has a much bigger inventory. Still impressive for Calgary though.

Using Cushman Wakefield's methodology, they put Montreal at 83M sq ft for the CMA and 58M for Calgary - so Montreal still has significantly more space overal - but given the city's makeup, that is no surprise. But yes, kudos for Calgary for having a centralized core.

Quote:

Originally Posted by Wooster

Interestingly, this building on the left is not considered downtown office inventory (despite being attached to the Calgary Tower). It fronts 10th Avenue, which counts as Beltline inventory (6 million square feet). The building on the right, is 'downtown'.

Actually Cushman Wakefield DOES include the Beltline as part of their "central office space" inventory. They also include the financial core and the east and west end sections of DT. And yes, the Beltline is listed as 6M sq feet.

Almost as if Okotooks was included in the CMA!

Quote:

Originally Posted by rbt

Montreal almost certainly has more space in total. Old Montreal, Laval, ...

Old Montreal is included in the total. The Montreal inventory includes the Financial core, the west and east ends plus Old Montreal. They have a map on their website - though I am too lazy to link it ...

Winnipegger@Heart · #**443** Posted **Mar 29, 2012, 12:58 PM**

Montrealers should hold their heads up high because Calgary, in terms of architecture, culture, and sophistication cannot come close to rivalling Montreal.

Calgary's skyline could have a lot more intrigue if developers would grow a pair and start building taller (a la Toronto) rather than stupid twins.

shreddog · #**444** Posted **Mar 29, 2012, 1:02 PM**

Quote:

Originally Posted by Winnipegger@Heart

Montrealers should hold their heads up high because Calgary, in terms of architecture, culture, and sophistication cannot come close to rivalling Montreal.

Calgary's skyline could have a lot more intrigue if developers would grow a pair and start building taller (a la Toronto) rather than stupid twins.

What a mindless post?? This isn't a comparison of which city is better or worse and I don't think a single Montrealer is holding their head a little lower because some other city may have more office space in its downtown.

You're not trolling for something to start are you??

jmt18325 · #**445** Posted **Mar 29, 2012, 2:30 PM**

That's just his way, to always find the negative. Seriously though, I don't see how someone can look at Calgary's skyline vs its population and not be impressed.

Martin Mtl · #**446** Posted **Mar 29, 2012, 3:38 PM**

Calgary's office boom is great for that town and it certainly doesn't take anything away from Montreal.

WhipperSnapper · #**447** Posted **Mar 29, 2012, 9:20 PM**

Irony is Toronto is the king, the champion of twins.

Wooster · #**448** Posted **Mar 29, 2012, 9:23 PM**

Quote:

Originally Posted by shreddog

Actually Cushman Wakefield DOES include the Beltline as part of their "central office space" inventory. They also include the financial core and the east and west end sections of DT. And yes, the Beltline is listed as 6M sq feet.

Almost as if Okotooks was included in the CMA!

Oh neat. That's good. So many measures I've seen count seperately. Now the Census on the other hand...

caltrane74 · #**449** Posted **Mar 29, 2012, 11:55 PM**

Bay Adelaide 2 - starts this summer.

43 Floors - 196 meters

Main Tenant - Scotiabank.

Winnipegger@Heart · #**450** Posted **Mar 30, 2012, 12:00 AM**

Quote:

Originally Posted by shreddog

What a mindless post?? This isn't a comparison of which city is better or worse and I don't think a single Montrealer is holding their head a little lower because some other city may have more office space in its downtown.

You're not trolling for something to start are you??

How about you shut your mouth...

Winnipegger@Heart · #**451** Posted **Mar 30, 2012, 12:02 AM**

Quote:

Originally Posted by jmt18325

That's just his way, to always find the negative. Seriously though, I don't see how someone can look at Calgary's skyline vs its population and not be impressed.

No, you need an imagination and vision as to what it COULD look lik(in other words, you cannot fathom it, lol). The potential for an unbelievable skyline is there, in the form of a few 80 storey towers, rather than the conservative shorter developments, and the twins.

Winnipegger@Heart · #**452** Posted **Mar 30, 2012, 12:04 AM**

Quote:

Originally Posted by caltrane74

Bay Adelaide 2 - starts this summer.

43 Floors - 196 meters

Main Tenant - Scotiabank.

The only city in the country with any interesting developments.

caltrane74 · #**453** Posted **Mar 30, 2012, 12:09 AM**

Well this one is gonna be a box.

.
.
Don't get your hopes up.

.
.

Will also be a twin. (Just sayin')

Winnipegger@Heart · #**454** Posted **Mar 30, 2012, 12:27 AM**

Yes, but quite the history with this project.

Ayreonaut · #**455** Posted **Mar 30, 2012, 2:09 AM**

Quote:

Originally Posted by Winnipegger@Heart

No, you need an imagination and vision as to what it COULD look lik(in other words, you cannot fathom it, lol). The potential for an unbelievable skyline is there, in the form of a few 80 storey towers, rather than the conservative shorter developments, and the twins.

Yeah, damn those 700-footers!

I know, I shouldn't feed the troll...sorry.

Spring2008 · #**456** Posted **Mar 30, 2012, 4:23 AM**

Quote:

Originally Posted by shreddog

Actually Cushman Wakefield DOES include the Beltline as part of their "central office space" inventory. They also include the financial core and the east and west end sections of DT. And yes, the Beltline is listed as 6M sq feet.

Old Montreal is included in the total. The Montreal inventory includes the Financial core, the west and east ends plus Old Montreal. They have a map on their website - though I am too lazy to link it ...

They're not including the Bow yet though(another 1.7million square feet). Including the Bow there's about 40 million square feet within Calgary's CBD and just over 6.5 millions in the Beltline. So a total of about 46.5 million square feet in the core at the moment. The article is saying central office inventory will be slightly under that of Montreal in 2016 @ about 48million. In reality, developers will be adding at least 4-5million square added to the core by then, and Calgary's central office inventory will most certainly top 50million sq feet.

eemy · #**457** Posted **Mar 30, 2012, 11:28 AM**

Out of curiousity, what proportion of Calgary office space is in the downtown area compared to the suburbs?

Spring2008 · #**458** Posted **Mar 30, 2012, 2:08 PM**

^At the moment 46.5 millions sq feet in the core vs just over 17 million sq feet in the burbs(still within city limits).

There seems to be more of push lately with office,retail, residential, and sometimes industrial mixed in as part of a master planned community.

Quarry park, Westmount, oxford's new mixed use airport park come to mind.

There's another huge mixed use project within the burbs(2.5billion dollars) in the planning/leasing stages. Can't think of the name at the moment!

caltrane74 · #**459** Posted **Mar 30, 2012, 8:04 PM**

Nice rundown of the office market in Canada

http://business.financialpost.com/20...-reverberates/

Chinook Arch · #**460** Posted **Mar 30, 2012, 9:14 PM**

Quote:

Originally Posted by Spring2008

^At the moment 46.5 millions sq feet in the core vs just over 17 million sq feet in the burbs(still within city limits).

There seems to be more of push lately with office,retail, residential, and sometimes industrial mixed in as part of a master planned community.

Quarry park, Westmount, oxford's new mixed use airport park come to mind.

There's another huge mixed use project within the burbs(2.5billion dollars) in the planning/leasing stages. Can't think of the name at the moment!

The figure of 17 Million for the burbs includes 6.5 million from the Beltline. so the total would actually be around 11 million for the burbs.