138
Downtown Toronto faces a crush of rising office vacancies that could threaten building valuations (www.theglobeandmail.com)
submitted 5 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
41 comments fedilink hide all child comments

With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare

you are viewing a single comment's thread
view the rest of the comments
[-] kent_eh@lemmy.ca 3 points 5 months ago

The 2 projects I witnessed had to re-do the plumbing, electrical, elevators, fire detection/sprinklers, HVAC, and exterior glass, in addition to gutting every interior wall and doing a full asbestos removal.

It was a lot of work, over several years, but they now have full residential occupancy, so it seems to have worked out.

this post was submitted on 06 May 2024
138 points (96.6% liked)

Canada

7169 readers
253 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Regions

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social & Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca