- Greater Vancouver recorded positive absorption for the 6th straight quarter, and vacancy rates continued to drop, particularly in the downtown core.
- Calgary’s downtown vacancy continues to remain steady, however, there has been significant absorption through 2018. With 278,385 SF of absorption in the third quarter of the year.
- The Edmonton Office market remained positive this quarter in terms of leasing activity, with a total of 60,997 SF in positive absorption being reported and a cycling of older inventory for new being the major theme.
- Toronto’s vacancy continues to shrink, and retains its title as the tightest major metropolitan market in North America.
- Ottawa’s vacancy rate has been declining and is now 7.7% overall, with the CBD vacancy rate at 5.8%.
- The rental market for Montreal office space was very dynamic in the third quarter of 2018.
