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Office space and office building development


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#241 spanky123

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Posted 28 April 2020 - 07:51 AM

Hearing some interesting chatter in the urban planning and architecture circles about the future of office space. Some office furniture suppliers have seen a surge in demand for partitions and desks. The open concept office trend may die with COVID-19.

 

There's also an expectation that individual workspaces will be larger, which will be helped by decreasing the number of people physically in the office as working from home becomes more acceptable.

 

I think that if you are going to catch a virus, you are far more likely to do so in an office environment by touching a chair, desk, door handle, piece of equipment, etc then by sitting beside someone without a partition.



#242 Redd42

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Posted 28 April 2020 - 08:11 AM

Hearing some interesting chatter in the urban planning and architecture circles about the future of office space. Some office furniture suppliers have seen a surge in demand for partitions and desks. The open concept office trend may die with COVID-19.

 

There's also an expectation that individual workspaces will be larger, which will be helped by decreasing the number of people physically in the office as working from home becomes more acceptable.

 

I might actually consider an office job again if that was true! 



#243 Citified.ca

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Posted 06 May 2020 - 09:48 AM

1112-Goldstream-Avenue-office-in-Langford-West-Shore.jpg

A rendering of 1112 Goldstream Avenue, a two-storey office project with a ground floor retail component coming to Goldstream Avenue at Leigh Road in Langford on Victoria's West Shore.

 

20,000 square foot office complex planned for Goldstream Avenue at Leigh Road in Langford

https://victoria.cit...ad-in-langford/


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#244 Victoria Watcher

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Posted 01 July 2020 - 02:46 AM

$999,000

 

2-415 Dunedin St

 

this was the functionfox office.

 

Fully renovated commercial strata unit in the desirable Selkirk Waterway area just off of Gorge Road and is in close proximity to our downtown core. The strata development is close to all of Victorias major traffic arteries. The unit was completely renovated a couple of years ago for the owner's tech company. Perfect, move in ready owner-occupier opportunity. The unit features the following improvements: 2,344 SF over two floors Improved as office/tech space New HVAC throughout the unit Mens and womens washrooms with one shower Kitchenette 200 amp, 3 Phase electrical service Ten private offices with balance as an open floor plan Large boardroom and lounge with live walls Two (2) parking stalls on site + 2 additional stalls available Skylights on the second floor

 

https://www.realtor....ctoria-burnside



#245 Victoria Watcher

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Posted 25 July 2020 - 04:38 AM

this entire week in all of greater victoria there were a grand total of TWO new commercial real estate listings.  a lot and a small apartment building.

 

i guess it's not a good time to sell/buy.



#246 spanky123

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Posted 25 July 2020 - 10:15 AM

this entire week in all of greater victoria there were a grand total of TWO new commercial real estate listings.  a lot and a small apartment building.

 

i guess it's not a good time to sell/buy.

 

The market needs to find pricing with the uncertainty about how offices are going to be used going forward. According to the recent Viatec survey, 60% of local tech companies do not plan to EVER reclaim their office space. Currently about 80% of space is sitting vacant.



#247 Mike K.

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Posted 25 July 2020 - 06:29 PM

That being said, the tech industry in Victoria is so incredibly small that it’s not a concern what the industry does or doesn’t do.
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#248 Victoria Watcher

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Posted 26 July 2020 - 02:08 AM

not just offices. only one business was listed for sale.

#249 spanky123

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Posted 26 July 2020 - 08:28 AM

That being said, the tech industry in Victoria is so incredibly small that it’s not a concern what the industry does or doesn’t do.

 

True but most of the new office developments have a significant tech component. In addition, what is happening in tech is being reflected elsewhere, they are just not publishing surveys. Investment managers, banks, insurance companies, etc are all doing the same math and determining that a large percentage of their staff can work from home effectively.


Edited by spanky123, 26 July 2020 - 08:28 AM.


#250 Victoria Watcher

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Posted 03 September 2020 - 01:22 PM

$3,000,000

740 Fort St.

https://www.realtor....ctoria-downtown

 

Fantastic location in the center of the downtown core. The sunny side of the street on one of the most vibrant blocks of Victoria, surrounded by popular retail, restaurant and service operators. Top floor is leased with the balance of the building being suited to an owner occupier or a new tenant. 



#251 Mike K.

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Posted 03 September 2020 - 01:27 PM

That tiny little building yields $31,828 in annual property taxes.


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#252 Victoria Watcher

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Posted 11 September 2020 - 01:44 PM

i did not know this has residences above.

 

 

 

 

The opportunity to purchase an updated heritage building in the heart of Downtown Victorias Old Town District. The building is comprised of 3 residential rental suites on the upper floor, retail space on the main floor and storage lockers and functional work space in the basement. A new 5 year lease has been signed with the anchor commercial tenant Cherry Bomb Toys which includes the main level, mezzanine and basement areas. The building has received seismic upgrades, and two of residential suites have been completely renovated with modern finishes throughout. 

 

 

1410 Broad St

 

https://www.realtor....ctoria-downtown

 

screenshot-www.realtor.ca-2020.09.11-17_42_24.png


Edited by Victoria Watcher, 11 September 2020 - 01:44 PM.

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