Quote:
Originally Posted by J pold
The deals get better in the B & C class space. Not to say that good deals done exist in the A class market but on a net effective basis you still pay more for A class.
In today's market tenants who have space in the B market have two choices to make do I (i) stay in my same space and get a renovation allowance from the Landlord to freshen things up (new carpet and paint) and cut my rent costs by 30 - 40% or (ii) pay roughly what I pay now for rent but move into a A class new building with new improvements.
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We've been doing quite a bit of work relocating businesses from one space to another.