taal
Senior Member
In that article they mention the "West End". Do they mean Mississauga? Etobicoke? Both?
I think Mississauga actually ... Peel to be exact (that's generally considered the WEST GTA office market) ... Etobicoke's office space is a write off anyway
In the sense that the vacany rates there are many basis points about the offices just across the 427 (well ... a bit farther east to the south ... those cool blue buildings (nortel) are in Toronto! ... most people don't know that
Anyway there's some merit in the fact that that area may be sligtly slower to recover, but personally, I'm not sure I by the logic behind downtown Toronto. We'll have to wait and see but I think it'll be worse then they're predicting (the article) but possibly better then the worse case scenarios put out there.
If you stop and think about it - what was the vacancy rate before? 7-9% ... all those figures you here for Calgary and Toronto that are sub 4/5% don't include sublease space, so it's not really that good