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Originally Posted by azndude69
It's not just about small space, its also about major offices too. We cant think of just the small start-ups. What about mid-size companies with 20-250 employees? Not many new office towers or office areas being built outside of downtown. And if they are, they are being built in locations with poor transit routes like the industrial parks on Marine down in south burnaby.
Only major office space I can think of is the new metro tower 3 at metrotown, and the development at Renfrew and Broadway. But they could have made more density here as a lot of this space seems wasted. There should be more office spaces going up in brentwood, production way. We need more supply in order to make rents cheaper.
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There is a AAA class office tower going up in New West above the new civic center(which is a whole other story on how the city is self-financing it)
Metro 3 will soak up a lot of the demand for premium space, so the key is to watch how quickly its filled out. If they can fill it without challenge, then obviously there is demand for more space.
I'm not even talking office space though. I'm talking anything. The Hastings area should stay zoned commercial, and you could have any of 1000 things located within minutes of downtown. Even the small office/warehouse townhouse kind of things(forget the name you'd use) where you could have flooring, and cabinet makers and all that other stuff within minutes of downtown.
The key is zoning it properly, publicly stating that zoning won't change and that kills monetary increases on selling out to condos.
And oh! Don't we have a problem with employment in the DTES? God, having a productive area minutes away would go a long way to solving some of those issues wouldn't it.
No one will build it if they can do the same space, or more space for less money in Burnaby, or Richmond or wherever.