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  • 10May

    More Office Space Coming to Toronto

    Serviced Office, Toronto downtown office space, Toronto Office Space No Comments

    A few years ago, I read that Toronto’s office space market was in a stable, tenant-favouring situation (according to one office realtor’s GTA office-space report). They claimed that the average vacancy rate had continued to hover at approximately 6.5 per cent while average asking net rent was declining. They even went on to say that the Toronto office space market absorbs the new supply of office towers, and with no major new supply anticipated in the near future, the company forecasted a reverse trend towards a landlords’ market by 2011 or 2012.

    It was interesting that they did not mention anything about office business centres in Toronto; they only talked about office space for lease in Toronto. With the last downturn in the economy, it seems that smaller businesses were starting up and growing faster than bigger businesses. Many smaller businesses that are looking at Toronto office space are beginning to shy away from traditional office space and instead are looking at renting serviced office space at office business centres that take the risk out of leasing office space.

    Then I read an article today that says Toronto’s downtown office space market appears poised to explode again with construction, as the commercial office space real estate industry is waiting for that one spark to kick-start the office leasing sector.

    This recent article puts its credibility behind rumours of continued speculation that a major office space developer will begin a new round of aggressive building in the country’s largest office-for-rent market. The speculation was that that it will go ahead with the second tower for another project that provided much of the stimulation for a round of construction when its first tower was announced back in the mid-2000’s. Another development in the downtown core may not attract the higher-end tenants who are looking at lower-priced space outside the core.
    It is not surprising, with office rents in the core of the Toronto financial district remaining high, that many office space for lease seekers are now looking outside the core for a better deal in a newer office building development – or in a lower-priced office space that already exists downtown.

  • 11Oct

    Happy Thanksgiving You have to love the leftovers

    Toronto downtown office space, Toronto Office Space No Comments

    Happy Thanksgiving to all my Canadian blog readers. To my American readers, I will hopefully be celebrating your Thanksgiving along 7th Avenue in New York City.

    This year I have a lot to be thankful for. I met a very special young lady who is everything to me. She is someone I see spending many more Thanksgivings with. This year I went to her parents house for Thanksgiving and was even sent home with not one, but two containers of leftovers.

    I am thankful for my health. This year I lost a number of pounds and have been able to keep them off. As a result of the weight loss, I have been able to keep my blood sugar levels pretty even. I just wished it would do something to help me grow my hair. Well, we can’t have everything, so I will just have to keep it looking even up there by shaving it off.

    I am thankful for the fact that I have gotten to do a lot more photography work and had a chance to work with some amazing people. Even some of my peers have started to notice and comment on my work. I am even hoping to have a public gallery showing of some of my work in the New Year.

    I am thankful that my web development and IT business is also doing well, despite times still being tough. One reason for this has been my ability to keep my overhead down by having my office space Toronto. By only having to pay for the copies and printing I use, I have saved money on leasing a photocopier. Also having two modern kitchens with complimentary coffee and tea has saved my money by not having to go to a coffee shop every day. Oh, and the kitchens have microwave ovens to heat up my lunch, including the leftovers that I will be taking with me this week.

    Actually, the topic of my office space for lease Toronto came up as a topic at the Thanksgiving dinner when I was asked where I work. I said that I had a downtown Toronto office space at One Yonge Street. The person who asked me seemed to be impressed by the prestigious business address. After Dinner they asked me if I knew of any temporary office space in the building for small team of people to work. I told them that Telsec offers Toronto team space for teams of 3 to 30 people.

  • 01Jul

    Happy 143rd Canada

    Office Space, Toronto downtown office space No Comments

    Saying Happy 143rd Birthday Canada makes more sense than saying Happy 27th Canada Day. What a lot of people may not know or may not remember is that the first time July 1st was called “Canada Day” was 1983.

    Previously July first was known as “Dominion Day”, but an Act of Parliament in October of 1982, changed the name so to make the name sound less colonial and because in 1992 Canada had its own constitution that replaced the British North American Act (BNA). Some (like my father) refused to accept this name change and continued to call it “Dominion Day” because they believed that dominion referred to to the fact that Canada had dominion from sea to sea.  I still remember asking when I was about 10, why Dominion Stores had day named after it .

    Regardless of what it had been called or what it is now called, July 1st is a day for Canadians to celebrate Confederation through the BNA of 1867, that made Canada a Kingdom of its own. Being born on the Centennial year of 1967, it was alway easy for me to remember how old Canada was, I just had to add 100 to my age. The year I was born, the government sent out special scrolls for children born in that year.  I wonder if for its Sesquicentennial, the government will send out a special tax rebates to those born in Canada on its Centennial. Ok, wishful thinking.

    Back to this Canada Day. In our nation’s capital, Canada Day was off to a more pomp and circumstance beginning, because Her Royal Majesty The Queen and Prince Philip arrived on Parliament Hill in a horse-drawn landau, complete with a mounted RCMP escort.

    The Royal Standard of Canada

    The Queen's Personal Canadian Flag

    Instead of the Canadian flag flying above the Peace Tower of Parliament Hill, the Queen’s personal Canadian flag (The Royal Standard) will be flying.

    I believe that shortly after the Queen leaves Parliament Hill, her flag will then be taken down and replace with the Canadian flag for the remainder of the Canada Day celebrations.

    As I sit here working in my Toronto downtown office space, I notice that I am only one of a few people working on this national holiday. Some of the others who are working in their Toronto office space are much like myself and are working with American clients who do not have a holiday today. This is not the case for an acquaintance of mine, his office space Toronto is closed today, but he still needs to work. Working from home was not an option, as his neighbors were having a large and noisy Canada Day party. She had to rent a hotel room with WIFI internet access, so she could meet a deadline of July 2nd. She did tell me that she is now rethinking her current office situation, but is stuck in a lease that does not come up until the end of this year. I reminded her that I have a great office space location without a long term lease commitment, and that I have 24 hour access seven days a week.  Her only rebuttal was “why did you not tell me about this sooner”.

   

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