UrbanAffair
Senior Member
For those of us who are not as adept at reading between the lines, what are you inferring? Are you concerned because you think the post is bein disingenuous in some manner?Not sure how you define downtown Toronto. Perhaps the fully vacant brand new class A tower are not in that jurisdiction. I just don't see that as big of a deal to the overall performance. Class AA space is the most sought after space with always the lowest vacancies of all the classes. I'm still having a hard time that 6% class AA vacancy is not to be considered high.
There's so much instability in Toronto right now with respects to 2024 dismal real estate market. I'm going to speculate that no one is bullish about three years from now.
Bay Street has been more lenient on its workforce cashing out of Toronto and continuing employment than the province/public sector has. There's must some regret in that.
I love UT. I've been a member for 25 years. There's a ton of insider information but, as with everything nowadays, buyer beware. In my experience, those that know everything about something shocking are unlikely to even hint that they know something juicy. This thread is speculating on the linkedin post which is perfectly fine. However, there's also something more definitive being expressed with the linkedin post and that my gut finds concerning.
I agree about the rest, people who are most in the know tend to stay silent, esp. as most are bound to silence, but how else would you read that LinkedIn post? I can think of only the interpretation discussed, or a joke that the market is so bad, that obviously no one would believe a large office dev would start in this climate.