Quote:
Originally Posted by Ozy_Flame
Could turn it into a co-sharing workspace, with private offices? Put some facilities in to sweeten the deal (lounges, pool tables, climbing wall, etc.), use the space to get people in there working and being a community. Free parking, lots of personal space, etc. Good opportunity to reduce the commute for thousands of Airdrie and north Calgary folks.
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Not a bad idea but converting vacant space to "co-working" space is very trendy right now and I think our market is hitting critical mass. Nearly every major Landlord (Oxford, Strategic, Brookfield, Aspen etc.) have converted vacant floors into co-working spaces. A lot of Oil & Gas firms will lease out their excess space on an office by office basis. Initially it was a great idea to earn income on space that was going to sit vacant for a long time anyway but now there are so many opening up that the demand is starting to diminish.
Traditional business centre business like Regus have dropped their prices in response and it will likely be a race to the bottom from there.