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Canadian Office Market | Q3 2017 Interactive Dashboard & Statistical Summary

Q3 2017 Interactive Dashboard & Statistical Summary

The Canadian office landscape didn’t disappoint in the third quarter, with overall expansionary momentum at its strongest level post oil price decline.

KEY HIGHLIGHTS:

  • Canada’s overall absorption totaled 1.8 million square feet in Q3 2017
  • Central Area absorption rose to 729,000 square feet, nudging the vacancy rate downwards to 10.0%
  • Explosive demand in Downtown Toronto is putting upward pressure on rental rates, with Class A net rates rising by 13.2% over the past year

To learn more about the performance of office markets across Canada, visit our Interactive Dashboard and download the Canadian Office Statistical Summary by clicking the icons to the right.

 

 

Stuart Barron
National Director Research
Canadian Markets