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Q1 National Market Snapshot 2021

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Q1 2021 brought both the vaccine rollout but also renewed lockdowns, however, this time around many businesses knew how to respond, resulting in minimal job losses. Although sublet space remains an issue, the flood of space coming to the market has slowed, and some believe as 2021 progresses, and employees start returning to the office, we will start to see more sublet offerings being removed from the market.

Colliers Canada is pleased to present our 2021 Q1 National Market Snapshot, with national statistics and regional market insights including vacancy rates and average net asking rents for office and industrial fundamentals in 11 key markets across Canada. 

Key findings from the report include:

  • Despite both downtown and suburban office rents decreasing, the overall average continued to increase due to the larger proportion of higher-priced downtown space.
  • The industrial market continues to experience demand from all sectors, resulting in strong positive absorption this quarter, continued vacancy compression, and upward pressure on rents.

 

Download the full report for more insights.


National Market Snapshot 2021Q1 Search

Q1 National Market Snapshot 2021

Télécharger le rapport
Pour plus d’informations, veuillez contacter:

Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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Leo Lee

Senior Market Intelligence Analyst

Toronto West

Leo joined Colliers International in 2008.  He plays a key role in the delivery of Colliers research reports and business intelligence solutions, with a particular focus on the GTA industrial market.  He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for both clients and across the Colliers business line.

His expertise includes real estate market research, commercial property valuation, geodemographic spatial analysis, development feasibility, financial modelling and forecasting, and portfolio strategies.  He leverages the use of data visualization and GIS mapping to effectively communicate trends and assist clients in making the best real estate decisions.

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