Greater Toronto Area Office Market Report (Q3 2022)

Greater Toronto Area Office Market Report (Q3 2022) November 2, 2022
Caution prevailed among stakeholders in the Greater Toronto Area (GTA) office market during the third quarter of 2022 as changing workplace requirements and concerns over near-term economic performance resulted in softening market fundamentals after two steadier quarters. Both availability and vacancy rates rose quarter-over-quarter as occupiers deferred decision-making where possible, eyeing the economy and continuing to evaluate their office space requirements based on return-to-office and hybrid workplace strategies.

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