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Downtown Toronto faces a crush of rising office vacancies that could threaten building valuations
(www.theglobeandmail.com)
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this post was submitted on 06 May 2024
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It seems like the obvious answer is to put facilities and businesses in the same buildings instead of nearby. Medical, convenience/light grocery, school rooms, some community centers, civil services, storage, remote work spaces, etc.
I definitely think this is a great answer, with the only caveat being that working in a space that doesn't have windows all day is pretty lame. I'd like to see what that would look like.
I believe the hurdle for that might be regulatory. For good reason in my opinion because mixing residential and commercial/retail on the same indoor floor has a lot of unique considerations that I'm not sure have been looked at. Letting real estate hedge funds decide based on profit only will be a nightmare lol