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Suburban tenants moving downtown… or are they?

• While the slow trickle of suburban tenants moving downtown continues, over 90 percent of tenants facing real estate decisions last year decided to stay within the market.

• Of those that did move, more than 80 percent moved within the suburbs.

• Tenant growth in 2017 was fueled almost exclusively by existing tenants significantly expanding their footprint including Scotiabank, Geotab, Telecon and Aviva.

• Perhaps the biggest treat to Suburban landlords isn’t keeping tenants but the lack of new tenants setting up shop in Toronto’s suburbs. ​

Source: JLL Research




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