Suburbs Left Out?
A new PricewaterhouseCoopers survey of executives suggests the downtown office construction boom in Vancouver and Toronto threatens to leave older towers in the suburbs out in the cold. Most young people want to be downtown and companies are looking to accommodate them. (Use your power for good, young people.) Still, CBRE's Ross Moore (right) says, there needs to be some perspective. "It is interesting to note that in 2013 suburban office parks are having a much better year than their downtown counterparts—Vancouver included." With a little upgrading and retrofitting, the older space still has a "solid future" he adds.