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Office space and office building development in Greater Victoria/south Vancouver Island

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#481 spanky123

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Posted 13 May 2023 - 10:07 AM

First time working in an office in 3++ years, was almost odd showering and shaving at 6:30am and dressing in something other than shorts and a tee; we went for a full day of orientation and systems training at the new PBCS digs on Keating X Rd at the Gateway Center. They've done a very nice job with the space - its very modern, bright and well planned and thought out. From the Gorge I drove out Interurban past Camosun college to W Saanich hung a quick right then then a straight shot down Keating, a nice leisurely drive. Got to the new space in 25 minutes. And now for the most part we can WFH again. :)


You must have time the intersection at Helmken and Interurban right. You can easily spend 25 minutes just waiting there!

#482 AllseeingEye



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Posted 13 May 2023 - 05:20 PM

Very nice. It’s a beautiful drive, to boot, and you’re going against the traffic flow.

And can you remind us how many people will be working out of that office?

Best guesstimate based on the numbers receiving daily training every day for ~ 2.5 weeks, perhaps 200-250. There were 37 of us yesterday and I understand that was one of the largest of the daily intakes. 

#483 Mike K.

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Posted 15 May 2023 - 05:52 AM

Very good, thank you.

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#484 Barrrister

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Posted 15 May 2023 - 06:50 AM

I suspect that moving out of the downtown core may well become very appealing for a number of businesses. 

#485 Victoria Watcher

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Posted 18 May 2023 - 03:16 AM

San Francisco Falls Further into the Abyss as Office Values Plunge 75 Percent






Tony Crossley, a San Francisco commercial broker, estimated a residential conversion cost per unit of nearly $1,000 per square foot for this property. “It doesn’t make any economic sense,” he said. “The math is completely upside down.”


Developer Eric Tao noted that permitting and other city fees, together with the city’s affordable housing requirements, are so costly that the purchase price of the building would need to drop to less than $100 per square foot, compared to the purchase price of $225 per square foot for 350 California, to economically justify a residential conversion.

Edited by Victoria Watcher, 18 May 2023 - 03:16 AM.


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