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Greater Toronto office market report | Q3 2023. Downtown and Midtown Toronto office markets. Availability in Downtown Toronto remained flat at 17.5% quarter -over-quarter – nevertheless representing an increase of 280 bps year -over-year. Vacancy continued to rise, increasing 50 bps during the quarter (and 330 bps year-over-year) to 12.5% ...
Oct 23, 2024 · Combined with the second quarter of positive net absorption (408,000 sq. ft. in Q3 2024), overall vacancy came in only 10 basis points (bps) higher quarter-over-quarter. This minor increase was largely due to nearly 600,000 sq. ft. of new construction delivering partially vacant space in the third quarter. – Leasing activity, primarily in ...
Search 517 office space listings in Downtown Toronto, Toronto, ON available for rent. Focus your search by square footage, lease rates, and availability.
While overall availability rose, the amount of space available for sublease across the Downtown market fell nearly 311,000 sf during the quarter to 3.8 million sf – representing a decrease of 841,000 sf year-over-year.
FIGURES | TORONTO DOWNTOWN OFFICE | Q1 2023. Sublet space at record-high with nearly 3.7 million sq. ft. available. Office vacancy in Downtown (excluding Midtown) Toronto experienced a 170 bps increase from 13.2% in Q4 2022 to 14.9% in Q1 2023, however, it remains as one of the lowest vacancy rates in North America.
Search 620 office listings in Downtown Toronto, Toronto, ON and find helpful local stats in the Market Overview section below.