Quote:
Originally Posted by davidcappi
I am not sure office rents in Hamilton are high enough to demand the kind of restoration/repositioning work Allied does. From what I can tell even Core Urban has a tough time leasing their spaces. Hardly any of their properties are fully tenanted
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Hamilton badly needs an anchor company. A full sized office like Google, Rim, IBM, CIBC, or something with thousands of employees for smaller businesses to pull from. The city should really be trying to fill the towers of Jackson Square with companies. They also need to beef up transit to those spots or increase parking nearby. I work in an office building downtown, and walk to work, but many coworkers can't find parking, can't find monthly, and many pay daily at like $200-$250/month.
If you suggest LRT though, they'll talk about how much longer their commute will be. They don't think to take the damn thing downtown. There also should have been a Bay stop included.
Core Urban is obviously making money though, otherwise they wouldn't keep going despite having only partially tenanted buildings. I also heard that Olympia had a tenant pull out that was supposed to locate there.