Canadian Facility Management & Design

Q4 stats show strength in Toronto office market

Fourth quarter statistics from Cushman & Wakefield (C&W) reveal a strong Toronto office market. According to the commercial real estate brokerage, 1.6-million square feet of office space was added to the city’s inventory this year and, despite that, vacancy rates remain the same as they were in Q4 2013. C&W reported a mere 0.1 per cent increase from Q3 2014 in Toronto’s office vacancy rate.
office market

Canadian Facility Management & Design

Canada’s office vacancy rates rise in 2014: report

Corporate real estate advisor and brokerage Newmark Knight Frank Devencore recently released a Real Estate Market Study, noting that office vacancy rates in the downtown areas of many major Canadian cities have increased, year-over-year. Over the last 12 months, Class “A” and “B” office vacancy rates have increased, Canada-wide, from 4.9 per cent to six per cent.