The trend in Montreal in the past ten years is a bigger offer from midsize and boutique hotels. The percentage of small vs big has really gone up dramatically, and the offer is more varied. The addition to Detroit’s offer by pushing renovation of some office buildings in the CBD would help repurpose some of the glut in the office market. Every city in the world has at least partial motion towards transforming office to hotel/apartment.
There was a rumour this week that CN might move their HQ to National Bank’s old HQ since they moved into a new skyscraper last year. CN’s HQ wouldn’t be class A anymore, so the rumour mill pointed to a probable conversion to condos if it happens. Since Covid, WFH means companies need less space, but value class A above all else as a strategy to attract office workers.
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