Frances Bula  |

“A lot of people who need our services don’t have transportation,” says Commissionaires’ chief executive officer Mr. Batchelar, whose non-profit company, originally started to provide work for war veterans, now provides fingerprinting and criminal-records checks for people who need them as a condition of employment. The company also runs courses for people training to be security guards.

“Even if we had a place with lots of parking somewhere else, we just couldn’t get people there.”

That scenario is playing out in major cities across Canada, as more office tenants are choosing locations that are as close to transit as possible, even if it means paying more.

As a result, buildings right on top of transit are seeing their vacancy rates shrink and lease rates rise.

Office vacancies are creeping up in buildings that are sometimes only a few crucial blocks away from a transit site. And the vacancy rates are even grimmer for many older business parks that were built kilometres from transit at a time when it seemed savvy to construct whole campuses on cheap land far from central business districts. {…}