20260314_111758.jpg
 
realpolytics said:
Is it just me or are these buildings basically empty?
Click to expand...
rental buildings aren't like condos and don't quickly lease up and occupy over a few months. it's normal, especially for larger complexes like this, for it take several years to reach "stable occupancy" with most units occupied.

From what I've heard leasing here has actually been exceeding Fitzrovia's expectations.
 
realpolytics said:
Is it just me or are these buildings basically empty?
Click to expand...
The middle building is last to finish and lease so that one may look a little sparse. They're leasing up well. For those not in the rental world, there's around 700 suites here. At 30 leases per month as an example, that's still around two years to fill something like this up.
 
realpolytics said:
Is it just me or are these buildings basically empty?
Click to expand...
innsertnamehere said:
rental buildings aren't like condos and don't quickly lease up and occupy over a few months. it's normal, especially for larger complexes like this, for it take several years to reach "stable occupancy" with most units occupied.

From what I've heard leasing here has actually been exceeding Fitzrovia's expectations.
Click to expand...
Anecdotally, I've heard two stories:
  1. It's Fitzrovia's best-performing asset;
  2. It's empty and they're struggling to stabilize.
On a good day, Toronto Real Estate is at least half gossip, so I could see either of those things being the reality...
 
...if you squint hard enough, it's actually red! 🙀
 
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