[innsertnamehere]

Yea, I'm not doubting they may sign for a decent chunk of space. But even big firms like JPMorgan generally won't go sign a lease on a new-build space in a dead office market as a market expansion.

They will sign in an existing building with a lower risk profile until they are stabilized in the market.

I also think if Oxford was in discussions with JPM here, they wouldn't be posting like that on LinkedIn.

If we do get a lease signing here, it will likely be from some of the other players @NorthernLight alludes to.

 

[ProjectEnd]

I remember when the NYC tower on the left was the new Bear Stearns tower!

The building on that site previously was home to Webb & Knapp and was where ur-developer Bill Zeckendorf got his start. His office, designed by IM Pei, was actually a circular rooftop addition from which he controlled the W&K, Zeckendorf, and Trizec empires:

 

[Undead]

But Toronto carries huge advantages for some large players in financial and tech that are difficult to ignore.

Yeah like dirt cheap tech labour. A person close to me is a highly skilled and experienced software dev guy who could earn double south of the border.

 

[Northern Light]

Yeah like dirt cheap tech labour. A person close to me is a highly skilled and experienced software dev guy who could earn double south of the border.

The difference in raw numbers for comparable talent is generally 1/3 less in Canada, then add the exchange rate.

For a global company that's huge savings when you multiply by thousands of workers.

Is that the advantage we want? ......

Most tech/IT workers are still doing ok here, so I don't feel terrible for them or us............most U.S. workers in the same field are frankly over paid.........

But ours could use to be better compensated........and it's not the ideal pivot point........but it is what it is.........for now.

The reality is between immigration and the educational industrial complex...........we've done a good job spinning out phenomenal numbers of global-skill competitive IT professionals.

So many, that they compete against each other, delivering a lower median wage.

Maybe it wasn't the ideal path to victory, so to speak.........but for now, it's what we got.

 

[BermudaTO37]

Yes I am bumping this. John Peets clearly states that the office absorption rate for AAA space is under 6%. He advised on LinkedIn to sign a lease for 5 years so that you can be ready to onboard to The HUB. So he is clearly hinting something is up and happening soon. With all the RTO happening, space will be needed. I knew it would be in 2025 cause the big US banks are all coming back to work full time and I am in mgmt and I have to be in 3 days a week minimum and soon to be increased.

 

[Northern Light]

Yes I am bumping this. John Peets clearly states that the office absorption rate for AAA space is under 6%. He advised on LinkedIn to sign a lease for 5 years so that you can be ready to onboard to The HUB. So he is clearly hinting something is up and happening soon. With all the RTO happening, space will be needed. I knew it would be in 2025 cause the big US banks are all coming back to work full time and I am in mgmt and I have to be in 3 days a week minimum and soon to be increased.

Perfectly bump-worthy...........

But let me show people your source:

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be… | John Peets | 23 comments

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be perfect for the delivery of the HUB at 30 Bay Street. | 23 comments on LinkedIn

www.linkedin.com

From same:

Now.....I'm going to say..... read the comments below. (at the link)

 

[innsertnamehere]

Perfectly bump-worthy...........

But let me show people your source:

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be… | John Peets | 23 comments

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be perfect for the delivery of the HUB at 30 Bay Street. | 23 comments on LinkedIn

www.linkedin.com

From same:

View attachment 628293

Now.....I'm going to say..... read the comments below. (at the link)

i.e. heavy hints that an anchor tenant is in place and this will be moving forward shortly.

 

[UtakataNoAnnex]

...all that was needed here is the nudge, nudge, wink, wink and say no more!

 

[mburrrrr]

Maybe they are waiting for the 4? year renovation of the Toronto Harbor Commission building to finish.
Picture from Dec 28, 2024.

 

[BermudaTO37]

Perfectly bump-worthy...........

But let me show people your source:

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be… | John Peets | 23 comments

Visionary CEO’s - thinking ahead, as AAA space in downtown Toronto gets tighter than it already is (<6% available), my advice to you is renew your lease for 5 years. By doing so, your timing will be perfect for the delivery of the HUB at 30 Bay Street. | 23 comments on LinkedIn

www.linkedin.com

From same:

View attachment 628293

Now.....I'm going to say..... read the comments below. (at the link)

Thanks for pulling all the Links. Much appreciated.

 

[UrbanAffair]

Any guesses on who the anchor is?

 

[BermudaTO37]

My guess is BMO or Manulife. But that is a big big speculation. Cannot see it being RBC cause they have two spanking kinda new towers. I think JPM might even be taking a sizable chunk just based on him travelling to NYC talking about their new tower. Something significant is happening. They are just waiting for the show down south to settle down.

 

[Strange Advance]

If only they reverted to the original height. This design is just a mite disproportionate.

 

[Koops65]

 

[Jayomatic]

I always wondered if RBC wanted to consolidate some spaces downtown. Even though we have 88 qq and 155 wellington, i think those spaces are pretty maxed out already. If they want us to return to 5 days a week, we would definitely need more space.