Canada office insights

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. 

Calgary office insight

Asking net rents increase across all classes, showcasing another positive quarter.     
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Montreal office insight

Vacancy and asking rates increased slightly while landlords continued to upgrade their assets.     
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Southwest Ontario office insight

Residential conversions underway as landlords look to rightsize the market to meet demand.     
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Vancouver office insight

Overall vacancy remains steady, while sublease vacancy accelerates dramatically.     
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Toronto office insight

Right-sizing and flight-to-quality drives leasing momentum while the sublease market cools down.     
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Edmonton office insight

As election looms and population booms, office market momentum remains in suburbs.     
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Ottawa office insight

Ottawa’s vacancy rate hits double digits for first time in 5 years, market uncertainty continues.     
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