06-05-2018, 09:59 AM
(06-05-2018, 09:30 AM)tomh009 Wrote:(06-04-2018, 09:32 PM)panamaniac Wrote: I wouldn't put money on it. If approved, it will be interesting to see if there is a market for office condos in DTK.
Conceptually those are a good idea. The challenge there is that companies' space needs can change -- whether up or down -- much more rapidly than a family's. And if they do change, you are stuck with a unit that you can't shrink or expand (unless there happens to be a condo for sale next door) without selling it. This flexibility is why most companies choose to rent rather than own office space.
I can see why a condo option might be attractive for small professional operations (lawyers, doctors, accountants, etc), but yes it would seem inappropriate for companies envisaging growth, unless they were to take extra space with a view to subletting.