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Downtown Toronto Office Insight - Q3 2016

​Downtown Toronto recorded 102,533 square feet of positive net absorption in the third quarter bringing the total vacancy rate to 6.1 percent, down 20 basis points quarter-over-quarter but unchanged year-over-year. Tenants looking for larger blocks may have more options to choose from in the coming quarters, but will be primarily limited to backfill space in older bank towers.  

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