Canada office outlook - Q2 2020

Office market fundamentals reveal first signs of measurable impact from COVID-19

July 28, 2020

With a first full quarter into the pandemic and subsequent widespread work-from-home programs, Canadian office market fundamentals are starting to reveal the first signs of measurable impact. The foremost impact has been to leasing activity where gross leasing volumes (leases >20,000 s.f.) dropped by a massive 76.7% year-over-year as occupiers are evaluating their future space needs while also focusing on capital preservation

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