Canada office insights

Canadian office market activity slows as companies navigate the unknown.

February 07, 2023
  • 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

2022 finishes on a bright note with all signs pointing to returning to normal.     
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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

Vacancy rate increased with sublet availability hitting a record high.     
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Toronto office insight

Sublease availability reaches all-time high as users continue to adjust to economic uncertainty.     
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