maestro
Senior Member
Very little of the space vacated by CIBC will be AAA.
CCW only has two floors belonging to CIBC (4th and 56th), CCN is being vacated, but it's not cutting edge space (really a dump in there). CCS/CCE are also not the type of space banks would look for. There will be a few floors vacated from the Canada Trust Tower, but again, not enough contiguous space for banks.
Other CIBC locations are class B space in the downtown core.. I guess aside from Atrium on Bay, but that might put a stop to their ugly expansion plans.
They don't just lease AAA. I agree on CCN. I don't agree on CCS/CCE plus the cavernous basement not being attractive for other banks. There's Bell Trinity Square on top of Atrium on Bay as well. (of course, not all this space will be vacated)