Northern Light
Superstar
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:
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.
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.
