VIDEO: Raymond Wong at the CanaData East conference
Raymond Wong, the head of research for Canada CBRE Ltd, spoke at the CanaData Construction Industry Forecast Conference in Toronto on Sept. 22.
Wong said that millennial attitudes are influencing the design and construction of new office and retail buildings. He added that urban spaces are being redesigned because millennials want to live and work in downtown areas that are pleasant and have ready amenities.
Wong also looked at the current office vacancy rate and while British Columba and Ontario are faring well, the resource-reliant provinces of Alberta, Saskatchewan and Newfoundland are doing less well.
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