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C STRATEGY S <br />T. <br />Other competitive advantages that were cited included: <br />Historically low vacancy rates <br />Technology transfer opportunities <br />High barrier to market entry (creating a selective environment) <br />Other competitive disadvantages that were cited included: <br />Impact on required rent cost due to taxes <br />Parking requirements /cost <br />High barrier to market entry (creating a restrictive environment) <br />There appears to be a pent up demand/interest in developing additional office space by <br />the real estate community based on input received in stakeholder interviews, the public <br />workshops, discussions with commercial real estate professionals etc. However, the input <br />received also suggested that this demonstrated demand from the development sector <br />seeks direction, guidance, and facilitation in order for it to be manifested in new or <br />expanded projects and plans that offer a commensurate amount of additional office space <br />supply. <br />23 <br />