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Leo Lee | Colliers | Toronto Downtown

Leo Lee

BProp, B.Comm, MRICS

Directeur national Opérations, Recherche | Canada

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Informations du marché

janv. 10, 2024

National Market Snapshot Q4 2023

As 2023 concludes, office vacancies are generally still on the rise for many markets, although not to the same rate throughout 2021 and 2022.
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oct. 3, 2023

Vancouver Office Market Report Q3 2023

The Greater Vancouver Area (GVA) office market continued to see negative absorption in Q3 2023. The addition of a significant amount of office vacant space was added across all three submarkets, resulting in a rise in the vacancy rate to a six-year high of 8.6% in the GVA. Many businesses continue to optimize their office space requirements to adapt to the growing prevalence of hybrid work arrangements and the changing nature of in-office work. The GVA weighted average asking net rent decreased 1.0% to $34.49 per square foot in Q3 from the previous quarter, the first decrease in almost three years, as a direct consequence of the steady increase in vacancy over the last 18 months.
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sept. 28, 2023

National Market Snapshot Q3 2023

After many quarters of defying expectations of a recession, Canada’s job market has weakened noticeably over the quarter. While unemployment at 5.5% remains well below the long-term average, job losses have been concentrated in areas tied to commercial real estate, with construction being the number one source of job losses followed by major office tenants within the government and technology sectors.
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févr. 16, 2022

What Would a Potential Retail Reset Look Like in 2022?

In November 2021, Canadian retail sales totaled $58.1 billion, an increase of 4.4% YoY
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déc. 2, 2021

The Future of Retail Sales

Statistics Canada released their latest sales numbers, showing that quarterly sales were up 2.7% in the Q3 2021, exhibiting the largest increase since Q3 2020.
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