Maybe landlord tripe nets the signage fees back to other tenants? ...
LOL! Landlord "tripe". Awesome Freudian slip.
Posted 10 December 2014 - 12:33 PM
Maybe landlord tripe nets the signage fees back to other tenants? ...
LOL! Landlord "tripe". Awesome Freudian slip.
Posted 10 December 2014 - 12:35 PM
Posted 10 December 2014 - 12:41 PM
Given your experience in the industry, what's your take on the future of the CIBC tower? I mean it's reaching the end of its life as far as being a prime location for the sorts of businesses that want to be in centralized office towers. With Colliers jumping ship that'll leave quite a bit dent in an already (relatively) poorly leased building.
I can't say I'm really dialed into the Victoria market place as a whole...However my two cents anyhow
I don't think the building is coming to the end of its lifespan. I think there is an opportunity to re-invigorate the building and attract tenancies at a later date. The location is prime and it has something no other office development has, a standing structure already. Retrofits of medium and large office buildings are happening all over the place right now. IF/When CIBC were to put it up on the market a value focused investor/developer would likely pick it up for a very good price, put some money into it and lease it out. I can't see it being converted to Residential. A. the City won't approve that and B. it just doesn't make sense from a market perspective to me.
I don't suspect CIBC is in a huge hurry to unload it either. That building has high security in it and serves as the clearing house for ALL banks on Vancouver Island prior to cheques/money etc being shipped out.
Posted 02 March 2015 - 04:03 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 19 May 2015 - 06:33 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 12 May 2016 - 11:38 AM
Posted 12 May 2016 - 11:38 AM
Yes, it's losing tenants pretty quickly. Colliers could vacate an entire floor if they move to 1515 Douglas.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 12 May 2016 - 11:43 AM
Yes, it's losing tenants pretty quickly. Colliers could vacate an entire floor if they move to 1515 Douglas.
It should probably undergo some renos to attract new tenants.
Posted 12 May 2016 - 12:03 PM
Or drop their rates, change their leasing model to create some cheaper office space for smaller businesses and/or startups.
Not everyone can afford new Class A, or exposed brick in old town.
Posted 12 May 2016 - 12:14 PM
Do new start ups want to be downtown? There is still a fair amount of office space at UpTown to fill
Posted 12 May 2016 - 12:15 PM
Posted 12 May 2016 - 12:29 PM
Does this building have a parking garage?
View Street parkade is right next door.
Posted 13 May 2016 - 06:59 AM
Do new start ups want to be downtown? There is still a fair amount of office space at UpTown to fill
Be interesting to see where new startups are, well, starting in Victoria. My guess would be mostly downtown, but I haven't seen any research done on the matter.
Posted 04 February 2019 - 11:24 AM
https://victoria.cit...orporate-logos/
Posted 04 February 2019 - 05:11 PM
Cool, someone CGI'd the CGI logo on the CIBC building.
EDIT:
Edited by Bob Fugger, 04 February 2019 - 05:11 PM.
Posted 04 February 2019 - 05:16 PM
Has anyone else heard the rumour that T.G.I. Friday's might be going into this building?
Posted 04 February 2019 - 05:31 PM
Good Lord, no.
Posted 04 February 2019 - 05:44 PM
More befitting CGI's status I suppose - they're nearly twice the size of CIBC in terms of employees and a major player on the international (IT) consulting stage and the biggest tech firm in this country. I know we have a business relationship with them. Wonder if this move means they have won other local contracts with public and/or private clients, or both.....
Posted 04 February 2019 - 06:57 PM
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