By Frank O'Brien
If early sales are an indication, developer Cressey has tapped into latent demand for buying – rather than leasing – suburban office space.
On June 9, Cressey, primarily a residential builder, began marketing Diagram, the first new office tower being built in Coquitlam in seven years and the first-ever commercial strata tower in the Tri-City region.
The Class A office tower, planned a decade ago as part of Cressey’s M3 complex, where the company has completed three high-rise residential towers, was originally to offer conventional leasing.
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