CANADA OFFICE Led by 1.1 million sq. ft. of positive net absorption in downtown centres, the national overall office vacancy rate decreased to 11.3%.
AVERAGE CLASS A NET RENT $19.88 per sq. ft.
DOWNTOWN VACANCY 9.8%
UNDER CONSTRUCTION 17.2 million sq. ft.
SUBURBAN VACANCY 13.1%
CANADA INDUSTRIAL There is 23.3 million sq. ft. of industrial space under construction across Canada. Led by large bay projects in Vancouver and Toronto, this figure represents 1.3% of the national inventory.
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