Trendspotting

Our Dear Economist spots yet another trend:

St. John's Running Low on Office Space: Economist

Economist Wade Locke says St. John's is running out of office space. Locke delivered an economic perspective on the province to the Newfoundland and Labrador Construction Association at their convention in St. John's last week. Locke says in terms of housing prices they will continue to climb and housing starts will also continue to go up, calling it an exciting time for the construction industry. However, when it comes to office space for business in the city, he says it should cause some concerns. Locke says he's no going to enter the debate on the purposed Fortis Property, but says something has to be done or it could cause problems for future business.

Perhaps the office-space shortage is being caused by all the front-end engineering and environmental work for that aluminum smelter...