21 Sep 2011

Office space in Toronto may not accommodate job growth projections

While the Toronto economy is producing jobs at a prodigious rate, there may not be enough room in the city to accommodate them, a new report reveals.

According to a report from the Canadian Urban Institute and Real Estate Search Corporation, approximately 15,000 new jobs are expected to be produced for the financial services sector between now and 2015. However, based on building projections and vacancy rates, there aren't enough developments to house these jobs, particularly in downtown Toronto.

Jeff Orlans, chairman of the Toronto Office Coaltion, the organization the report was prepared for, said the ramifications could be significant.

"What this means is that those jobs will go to car-dependent locations outside the 416 region, adding to existing high levels of congestion," said Orlans.

To ameliorate the issue, the report urges provincial planners to amend Ontario's growth plan and expand the number of tracts of land designated as growth centers.

Small business owners may be unaware that Jiffy Self Storage also offers units they can rent out and use for offices. These can serve as a temporary solution for businesses that are growing by leaps and bounds. 

Be Sociable, Share!

Related Articles [3]

Can You Run a Business Out of a Self-Storage Unit?

December 8th, 2021
With the price of commercial real estate at an all-time high, it can be tempting to look into unconventional options for your office or retail space. One of these options you...

Self-Employed? How a Storage Unit Can Benefit You

January 28th, 2021
Do you own a business or brand? Are you self-employed and looking for some extra space for your business needs? If this sounds like you, then a storage unit can easily be the...

Benefits of Using a Storage Unit as an Office

December 27th, 2019
Modern businesses are looking for new and unique ways to cut costs and maintain quality services for their customers. One of the areas many small businesses overspend on is...

Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL