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Research

National Office Dashboard Population Over 1M Q4 2018

National Office Dashboard Population Over 1M Q4 2018

National Office Dashboard Population Over 1M Q4 2018
  • Greater Vancouver's vacancy for midtown and suburban markets remains steady, however, net rents for the areas have increased 12.2% year over year.
  • Calgary's high vacancy rates in the Downtown core are expected to lower NER's and provide opportunities to demise smaller spaces.
  • The Edmonton market recorded positive absorption once again, signaling that it is likely at or near the bottom of the market.
  • In Toronto, finance was the top performer of all leasing activity representing 33% of all lease transactions.
  • Ottawa’s Kanata and Downtown sub-markets continue to heat up as tour activity increases in the areas.
  • Montreal is experiencing a lack of available large block office space in the Downtown core for Class A office properties.

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