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Shrinking workplaces, but more shopping spaces in 2014
Two major trends will define Toronto`s commercial real estate market in 2014 ` a decline in the amount of space per office worker and an explosion in retail therapy destinations, says a new report from commercial brokerage CBRE.
`The old expression used to be that retail follows rooftops,` as new shopping centres opened in the wake of new suburban subdivisions, says Ross Moore, CBRE`s director of research for Canada. `Now retail is following elevators, given all the condo construction going on.`
Read the full article here.
Two major trends will define Toronto`s commercial real estate market in 2014 ` a decline in the amount of space per office worker and an explosion in retail therapy destinations, says a new report from commercial brokerage CBRE.
`The old expression used to be that retail follows rooftops,` as new shopping centres opened in the wake of new suburban subdivisions, says Ross Moore, CBRE`s director of research for Canada. `Now retail is following elevators, given all the condo construction going on.`
Read the full article here.