Canada office insights
Office tenant demand is strong in Alberta and Halifax but large eastern cities struggle to gain momentum
- Scott Figler
- Timber Shao
- Megan Keeler
- William Schneider
- Graham Hyslop
Strong population growth and relative economic strength has translated into positive quarterly and year-to-date absorption for Calgary, Edmonton and Halifax. However, large eastern CDB's have struggled to gain momentum with Downtown Ottawa, Montreal and Toronto all experiencing tenant contraction on the quarter.
Click below to download the individual city insight reports:
Calgary office insight
Both Downtown and Suburban availability and asking net rents remained steady from Q1.
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Montreal office insight
Sales volume and vacancy rates on the rise while job listings trend toward on-site roles.
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Southwest Ontario office insight
Recent completions,sales activity and growingtenant interest for leasing office space stabilizes the market.
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Vancouver office insight
Although leasing activity improves, large blocks of unoccupied space have brought overall vacancy to 10.9% across Metro Vancouver.
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Toronto office insight
Vacancy continues to climb, but expectations of an economic rebound are driving an increase in hiring.
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Edmonton office insight
Vacancy falls 30 bps as Edmonton market continues its hot streak.
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Ottawa office insight
Downtown and Ottawa West diverging on absorption and vacancy as public sector in-office mandates come into effect.
