Quote:
Originally Posted by nik-
This number may be accurate but isn't the full picture. There was a ton of office space from a building boom coming online just as the recession was hitting. It's brutal timing.
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Yeah bad timing for a couple of big new towers but it's still not a big part overall, I think the herald pegged new office space that never had a tenant somewhere between 3-5% of the vacant space last year. I can't find a lot of info but it looks like even in the early 80's our downtown core didn't suffer near as many business closures as the last couple of years, small business has really suffered this time around.
Our wonderful leaders just don't get the fact that a recession and tax hikes don't mix.