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Toronto Office Market Report Q4 2022

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research article

Q4 2022 saw vacancy and availability rise at a gradual pace as the market continued to experience the impacts of the past two years of pandemic restrictions and subsequent socioeconomic headwinds.

  • Model suites and spaces below 5,000 SF continue to experience the most leasing activity, as they offer the option to bridge the current period of uncertainty with ease and flexibility.
  • After eleven consecutive quarters, weighted average net rental rates dropped by 0.08% as landlords in several submarkets decreased face rates in order to remain competitive amid higher vacancies.
  • Many occupiers have doubled down on their return-to-office mandates, with stricter requirements for when employees are expected to be in the office.


Toronto Office Market Report Q4 2022

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

Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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