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In the ebb and flow of Toronto’s office sector, financial firms anchor down while tech tenants set sail

Toronto’s office market is adjusting based on its industry hubs
A view of the skyline of downtown Toronto, Ontario. (Olivier Gariépy/CoStar)
A view of the skyline of downtown Toronto, Ontario. (Olivier Gariépy/CoStar)
CoStar Analytics
January 29, 2025 | 10:44 P.M.

Comparing office utilization rates for specific North American cities shows that the occupier makeup of certain cities has had a material impact following COVID-19. Cities that rely heavily on tech and creative companies to fill offices, such as San Francisco, have lagged behind those that rely more heavily on financial firms, such as New York.

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