Condo boom eating up office space

Thirty years ago, 63 per cent of office space was located in the downtown financial district or directly along subway lines. As of 2010, 54 per cent of office space was located in the road-dependent 905 regions.

Thirty years ago, 63 per cent of office space was located in the downtown financial district or directly along subway lines. As of 2010, 54 per cent of office space was located in the road-dependent 905 regions.

When Iain Dobson sees another condo or condo-hotel springing up on prime downtown land just steps from the subway, he becomes more convinced than ever that Toronto is risking its own future by trading off jobs for people.

Toronto is reaching a tipping point — a shortage of development-ready land for new office towers at the same time thousands of new financial services jobs are projected for downtown and more companies are looking to return to the city core from the suburbs, says Dobson… Read More

Source Photo and Text: Moneyville.ca