Return to office discussion

[Northern Light]

We're used this thread a bit as a general office space demand thread.........as such I will park this here:

From this Renx article:

Tech companies pick up pace of downtown Toronto office leasing

The technology industry’s share of downtown Toronto office leasing has increased from 10 per cent last year to 15 per cent this year, according to Avison Young, ranking it second to the financial services sector at 46 per cent.

renx.ca

3.5% vacancy in 'trophy' or 'AAA' office buildings rivals the pre-Covid numbers and we're not yet at full return to office, which I'm projecting as February to May '26.

This is strongly suggestive of at least one major tower moving forward.

The poorer overall number suggests we need to see more B/C buildings come down, be converted to residential, or undergo a comprehensive reno/refit.

 

[Towered]

We're used this thread a bit as a general office space demand thread.........as such I will park this here:

From this Renx article:

Tech companies pick up pace of downtown Toronto office leasing

The technology industry’s share of downtown Toronto office leasing has increased from 10 per cent last year to 15 per cent this year, according to Avison Young, ranking it second to the financial services sector at 46 per cent.

renx.ca

View attachment 701627

3.5% vacancy in 'trophy' or 'AAA' office buildings rivals the pre-Covid numbers and we're not yet at full return to office, which I'm projecting as February to May '26.

This is strongly suggestive of at least one major tower moving forward.

The poorer overall number suggests we need to see more B/C buildings come down, be converted to residential, or undergo a comprehensive reno/refit.

THE HUB!!!

 

[Northern Light]

THE HUB!!!

Probably. Not a done deal, but they are certainly on the hunt for their anchor and their are potential anchors in the market.

Some of the other proposed towers that appear dormant also have feelers out to potential tenants; but the Hub appears best positioned to be the first out of the gate.

 

[narduch]

Get back to the office losers.

 

[afransen]

Get back to the office losers.

View attachment 702234

As I understand it, Ford has QP sitting far fewer days per year than is the norm.

 

[narduch]

As I understand it, Ford has QP sitting far fewer days per year than is the norm.

This might be a good thing as there is less time for him to fuck more shit up

 

[JasonParis]

It's sort of the opposite. It's harder to keep him accountable.

 

[AlvinofDiaspar]

It's sort of the opposite. It's harder to keep him accountable.

The current Liberal and NDP leadership is terrible at that even when QP is sitting.

AoD

 

[Tuscani01]

First day back in office for me, and stuck at desk with a keyboard where the letter "c" doesn't work.

This is nice.

 

[mburrrrr]

First day back in office for me, and stuck at desk with a keyboard where the letter "c" doesn't work.

This is nice.

I don’t see what the problem is unless you want to invite someone to lunh. Welome bak.

 

[Admiral Beez]

First day back in office for me, and stuck at desk with a keyboard where the letter "c" doesn't work. This is nice.

Best luck. I couldn’t do it, and will strive to finish my career in 3-4 years firmly WFH. I don’t know how I managed for twenty plus years before the Covid WFH push to drive from downtown to my full time office jobs in Concord, KW (briefly), Markham and finally Port Credit. I must have been mad.

 

[Tuscani01]

Best luck. I couldn’t do it, and will strive to finish my career in 3-4 years firmly WFH. I don’t know how I managed for twenty plus years before the Covid WFH push to drive from downtown to my full time office jobs in Concord, KW (briefly), Markham and finally Port Credit. I must have been mad.

My mom just got that offer. Going from 3 days a week in office to zero as her company is ditching its office space as of March. She figures she has 2-3 more years left before she retires so it was perfect timing.

 

[christiesplits]

RTO appears to be helping the construction industry with the need for renovations.

Return-to-office mandates drive commercial renovation surge in Toronto

https://www.torontotoday.ca/local/real-estate-housing/return-to-office-mandates-commercial-renovation-surge-toronto-11739818

Stephanie Uprichard, CEO and principal designer with Studio Forma Interior Design, a GTA-based firm specializing in office and commercial spaces, said the company had its best ever year in 2025, spurred in part by demand for back-to-office renovations.

In an interview with TorontoToday, Uprichard said business shows no signs of slowing: “So far in January, we’re breaking last year’s [records].”

Supreet Barhay, a principal with WZMH Architects, said the firm is also seeing increased demand from companies in Toronto looking to refresh their spaces.