Posted AT 12:58 AM EDT on 06/10/05
Office demand may drive building boom
A mini-boom in office real estate is in the offing across Canada, fuelled by the red-hot resource sector and the improving economy, a study indicates.
The equivalent of 16 new, 50-storey towers of one million square feet will have to be built to meet the surge in demand by 2010 — particularly in Calgary, Toronto and Ottawa, the study by Toronto-based CB Richard Ellis Ltd. forecasts.
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