Market Trends
- Toronto's Central Business District (CBD) avinability surged in 2025, increasing by 250 basis pointsto 15.9% as demand for office space has slowed amidst slow economic growth.
- The Toronto market witnessed a pullback in leasing in the fourth quarter, while transactionactivity of 5.6 million square feet in full year 2023 was 13% below 2022 totals.
- Despite steadily rising availability rates, average asking rents continued to climb higher as owners have provided more concessions rather than drop their face rents.