Thanks for the link. I really hope the core sees continued activity and Mississauga and other 905 areas don't 'snatch' any potential office absorption that could have been seen in the core. It remains to be seen how many office projects can materialize but sometimes (in the grand scheme of things) I wonder if the developers are truly building the right size of buildings anticipating future demand and the increasingly few sites remaining for office developments. For example, say if several of the south core sites saw office projects materialize, which seem to be in the 750K sq. ft. (and 30 storey) range, years down the road, will the developers look back and say, "darn, we should have built 1 million sq. ft. projects on those fresh parcels of land in south core!" I feel that developers are focusing too much on the near future, building moderately-sized office projects (by downtown standards), with potential future repercussions. Of course I know that they have to see what sized project is the most economically beneficial to them, however, I wonder if a more long term focus on demand (and availability of sites to develop, including the initial cost of purchasing/acquiring the land), would create a different scenario for them (i.e. that it may be better to build bigger now)?
Not to mention that with the increasing number of condos everywhere in the greater downtown area and the tall buildings guidelines that will eventually be in place, I just don't know if there will be enough sites remaining to build tall office towers that can meet the builders' requirements (of profits) and the stringent tall building height restrictions (which could lead to building of office projects away from the core, which I truly don't like).
I dislike the vastly different nature of Canadian cities' office markets: Vancouver is so thin on them (and is so over condo-ized), whereas Calgary gets so many tall office projects and has so much future potential! Toronto, while second in the country in terms of new office demand in the core, still seems like a distant second to Calgary in terms of office absorption, the number and size (and even design) of office towers, etc. (I'm only referring to the core here so please don't reply to defend our beloved GTA with stats on how GTA's office size is several times greater than Calgary's etc.)
