With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare

With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare

  • kent_eh@lemmy.caEnglish
    0·
    5 months ago

    I’ve actually heard it’s incredibly difficult to retrofit office space into condos/apartments.

    It is. Difficult, time consuming and expensive.

    But even with that, I’ve seen a couple happen that seem to have been sucessful.

    It took them almost 3 years between commercial tenants leaving and residential tenants moving in, but it from what I can tell, it appears to have been sucessful.