The Globe last week said Toronto overall is at 15% vacancy.
Both cities’ downtowns hollowed out during the pandemic with office employees working from homewww.theglobeandmail.com
I think a lot of big companies are going to be reducing their office space over the next few years to reflect more work from home as their leases expire, but Toronto is generally booming in terms of jobs. I bet CF will be better than most of us at predicting future demand
Suburban vacancy and AA and lesser classed spaces are also higher vacancy.
Good quality, good location is still doing quite well.