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.
- 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
National Director Research