Canada office outlook - Q4 2020

2020 framed by diminishing leasing activity as well as record give backs, but fundamentals have held strong in most markets

February 11, 2021

In Q4, the Canadian office market experienced a third consecutive quarter of negative occupancy losses, pushing total vacancy up 60 basis points to 11.4%. However, fundamentals in most major markets held strong, with Toronto, Vancouver, Montreal and Ottawa among the top 5 tightest office markets in North America

Q4 2020 Canada Office highlights
Q4 2020 Canada Office statistics by market

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