Suburbs leading demand uptick for office space in Canadian markets: CBRE report
- Canada is experiencing its first year of positive office leasing activity since the pandemic, with six of ten major markets showing net positive demand in Q3, according to a recent report.
- The CBRE report states Toronto led in office space commitments, achieving over 650,000 square feet of positive net absorption in downtown and suburban areas during the quarter.
- Suburban markets saw improvement for the fifth straight quarter, with the national suburban vacancy rate declining to 17.3%, while the downtown vacancy rate increased to 19.7%.
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Total News Sources0
Leaning Left15Leaning Right0Center2Last UpdatedBias Distribution88% Left
Bias Distribution
- 88% of the sources lean Left
88% Left
L 88%
12%
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