[Gronk!]

The fencing is still up south of Falcon 1, so I'm assuming Falcon 2 will commence soon?

 

[archited]

^ depends entirely on the speed of lease-up of the first tower.

 

[Edmcowboy11]

Well here's hoping.

 

[David A]

^ depends entirely on the speed of lease-up of the first tower.

When I went by yesterday evening, I saw a fair number of lights on the south facing side.

 

[TheCanadianAaron]

 

[edm13]

Got an email from them offering 2 months free rent. Anyone know how full this building is? Do we think they Are they trying to get it filled up asap so they can start construction on the second building ?

 

[Markyeg]

Got an email from them offering 2 months free rent. Anyone know how full this building is? Do we think they Are they trying to get it filled up asap so they can start construction on the second building ?

Not totally related, but the Switch at Stationlands is also offering 2 months free right now, and they’ve leased up pretty good so far.

 

[thommyjo]

Not totally related, but the Switch at Stationlands is also offering 2 months free right now, and they’ve leased up pretty good so far.

As is mercury block, hat at 122, and citizen.

I wonder if the demand is softening? Or maybe just end of school year turnover?

 

[Out of Towner]

As is mercury block, hat at 122, and citizen.

I wonder if the demand is softening? Or maybe just end of school year

There has to be a scramble for tenants as 2 months free rent is a significant incentive that wouldn't be offered if the vacancy rate didn't warrant it. What would that be? $3,000 to $4,000 in these buildings? Doesn't cost that much to hire somebody to move furniture.

 

[Garceyues]

Not totally related, but the Switch at Stationlands is also offering 2 months free right now, and they’ve leased up pretty good so far.

Yeah, considering the Switch was over 50% leased over a month ago it doesn't seem like they were super desperate for tenants. With the first Parks tower also completed recently, there are certainly options for renters looking for a newer building.

I really hope we aren't seeing slowing demand and a potential hamper on new builds being started.

 

[Kosy123]

Could just be a case of a lot of rentals coming into the market at the same time period. Or incentives to fill up spaces since the developers want to go ahead with upcoming new projects. If I remember correctly, Mercury Block did their cheap rental incentives for that exact purpose.

 

[TAS]

I wonder if the dt/central condo market is picking up? Maybe people are starting to opt to buy again instead of rent with lower interest rates again.

 

[archited]

Front-end "free rent" is very common in most market places -- residential and commercial

 

[IanO]

As is mercury block, hat at 122, and citizen.

I wonder if the demand is softening? Or maybe just end of school year turnover?

Demand is definitely softening with a lot of supply coming on, let alone the annual student thing.

 

[Oliver_William]

Hello. I can tell you that because Leston bought my condo building to convert to rentals I am looking for a new condo. I have put offers on three places and have been outbid each time with offers going over asking and according to my real estate agent the condo market is quite healthy right now.