potatopizzafan
Active Member
I think most people realise that this pandemic is temporary and life will return to normal within a year. And as UW mentioned, there's a lot more to living centrally than being close to work,CMHC is forecasting vacancy rates to rise. The building is at 25% occupancy with a projected 95% by next summer ... right around the time that Curtis Block will be open. I hope Strategic Group can manage to stay in business until then given their financial predicament.
I don't know what is drawing the target renter to these buildings at the present. The jobs are leaving the CBD at a rapid rate. Those that still have a job and were previously working downtown, may be working from home now. Immigration to Calgary is way down. A lot of inner city attractions/amenities are closed because of the pandemic. What is the attraction to living central now?