Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg

Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg San Diego Modern Home Tour Opens Doors Sept 27th - Yahoo Finance Today, Toronto developers may be overbuilding again and Blanchaer, a principal at WZMH Architects, is seeing the signs.... More

Toronto Flooded With Office Space Spurs Fears Of New Bust - Bloomberg San Diego Modern Home Tour Opens Doors Sept 27th - Yahoo Finance Today, Toronto developers may be overbuilding again and Blanchaer, a principal at WZMH Architects, is seeing the signs. People have short memories and they think what happened before isnt going to happen to them, said Blanchaer, whose firm designed RBC WaterPark Place, an 885,000-square-foot (82,000-square-meter) commercial property set to open this year. Right now its a little bit scary. People are just going, going, going until something happens. Its heady right now and some of our clients are getting a bit cautious. Rents are projected to slide and vacancy rates almost double in the next three years, according to data compiled by brokers, as seven new office towers open in downtown Toronto. Even with those forecasts , real estate investment trusts and pension funds are pushing ahead with proposals for the most rentable space in more than a decade. Th Less