Cushman & Wakefield SVP Mark Chambers remains upbeat about where the office market is heading, despite mixed opinions during a panel where he was one of the presenters at last week's NAIOP Breakfast Meeting at the Fairmont Waterfront. “A lot of people simplistically look at it and say there’s a bunch of product coming along, so there will be tons of supply out there. I don’t think you will see nearly as much supply.”
Also at the event, we snapped Counterpoint Interiors’ Lori Therres and Valentina Crobu, and Dorma Canada’s Julie Ireton. Mark tells us about a trip he took to San Francisco last summer where he got an education on creative renovations to older, stale, low-A, high-B buildings. “The inside of some of these buildings look completely different,” he says. “They tore the T-Bar ceiling out of the buildings, the lobbies look almost like slick, W Hotel-style.” Lots of the technology companies are gravitating to that type of product. “You never would have pictured some of these tech guys in these old 1970s buildings, but they look great.” As office product comes on board, this is a solution for the older buildings, to stay competitive, Mark says.
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