Research

Canada office insights

Canadian office market activity slows as companies navigate the unknown.

October 27, 2022
Contributors:
  • Shawna Rogowski
  • Matthew Clark
  • Megan Keeler

Many tenants have continued to try to accommodate the needs of their employees by considering hybrid flexible work options, especially in a market fueled by competition for talent.  However, the threat of a recession, coupled with rising interest rates and extreme inflation has put companies in a position where several have paused their decision-making on office space, especially when looking at expansion opportunities.

 

Click below to download the individual city insight reports:

Calgary office insight

Demand for premium office product continued as availability decreased in the downtown market.     
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Montreal office insight

Class A assets continued to perform while Class B must adjust to evolving demand.     
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Southwest Ontario office insight

Market conditions continued to favour tenants as vacancy remained elevated in Q3.     
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Vancouver office insight

Metro Vancouver availability increased with Downtown Core availability at a record high.     
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Toronto office insight

New supply provided a lift to Downtown Toronto office market as economic uncertainty continued.     
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