What we'll probably see is a shuffling of tenants moving from outdated spaces to newer ones. Then it will be up to the building owners whether or not they want to try to attract new office tenants, or pivot to residential. It's probably a bit wasteful, but those old office buildings can't all be in great condition, so maybe it's better for them to get a renovation to residential.
I bet we'll also see a little bit of movement from the suburbs downtown as businesses want to show that they are in the newest and nicest offices.
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