Monday, May 7, 2012

CBC moves to find tenants for extra space in Toronto headquarters

The CBC has allowed premium office space to sit empty in its downtown Toronto headquarters for years, despite a tight office market that has seen rents climb 60 per cent since the end of the recession.
Commercial real estate brokers in the city estimate the surplus space in the Canadian Broadcasting Centre could be leased for approximately $12-million a year. The broadcaster’s Front Street building was built in 1992, but aside from a short window when it opened it has never been fully occupied.

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