Canada office insights
Vacancy continues to climb, concentrating on Class B segment
- Shawna Rogowski
- Matthew Clark
- Megan Keeler
Canada saw absorption reach approximately negative 1.53m s.f. in the second quarter, pushing national vacancy to a multi-decade high of 15.8%. The Class A segment and suburban markets outperformed while the majority of added vacancy was in the Downtown Class 'B' segment, with several tenants consolidating into higher quality buildings.
Click below to download the individual city insight reports:
Calgary office insight
Strong return-to-office continued to bolster Downtown’s office leasing market.
Request report >
Montreal office insight
Class B & C spaces continued to take a backseat as tenants increasingly flocked to amenity-rich offices.
Request report >
Southwest Ontario office insight
Residential conversions underway as landlords look to rightsize the market to meet demand.
Request report >
Vancouver office insight
New sublease availabilities coming to a halt, while leasing velocity remains stagnant.
Request report >
Toronto office insight
Downtown Toronto saw upswing in leasing activity despite economic headwinds.
Request report >
Edmonton office insight
Edmonton on track for strongest annual office absorption in several years.
Request report >
Ottawa office insight
Office-to-residential conversions gaining traction amid softening office market.
Request report >
