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Toronto’s Financial Core Sees Sharply Rising Office Availability

Evolving Workplace Practices Drive a Shift Away From Traditional Downtown Offices
The Bay Adelaide Centre North Tower. (CoStar)
The Bay Adelaide Centre North Tower. (CoStar)
Market Analytics
May 3, 2023 | 7:30 P.M.

Toronto’s Financial Core office availability rate reached 16.6% in May and vacancies are sitting at 12.9%, well above the overall Toronto vacancy rate of 10%.

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