Article author:
Canadian Press
Toronto — Commercial real estate company CBRE continues in second quarter Vacancy levels in offices on the outskirts of the country were lower than those found in downtown areas.
According to the company, vacancy rates for suburban offices nationwide were 16% in the last quarter, compared to 16.9% for downtown offices nationwide.
In the second quarter, seven of Canada's ten markets recorded suburban vacancy tightening, most often larger than was seen in downtown.
CBRE Canada's Vice Chairman Paul Morassutti states that the office market remains fluid as companies increasingly navigate hybrid work arrangements. increase.
According to company data, downtown office vacancy rates are high at 33.7% in Calgary and low at 10% in Ottawa.
Suburban office vacancy rates are as low as 24.6 percent in Calgary and 5.5 percent in Vancouver.
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