Greater Toronto Area Office Market Report Q3 2019

research article

The GTA market saw a boost in absorption in Q3 2019, recorded at 290,012 SF as compared to 139,738 SF the previous quarter. The availability rate increased 10 bps to 5.8% and the average asking net rental rate decreased 0.4% QoQ to $19.51. Moreover, the vacancy rate decreased 10 bps to 4.1%, with the Downtown market seeing the same decrease, reaching 1.3% in Q2 2019. No new supply was released this quarter. 


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Greater Toronto Area Office Market Report Q3 2019