I was in a meeting in a building with a good view of the CIBC office tower (Douglas at View) and couldn't help but notice that many of the floors there are unoccupied. From a quick (and somewhat glare obstructed) I would guess that about 4 full floors are vacant if not more counting partial floors. It also appears that some parts of the building are undergoing some upgrades, perhaps to draw in new tenants.
I'm assuming this is lower class office space (B, perhaps C?) given its age and flood of new Class A/LEED type developments that have and will be going up. When I lived/worked in Vancouver these building types were ideal for junior mining/exploration companies and tech startups. Victoria has none of the former, but perhaps buildings like this could house the latter?
Anyone with more knowledge on this area have able to comment?