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Q1 2019 Office & Industrial Statistics
The latest statistics, graphs and market intelligence
for cities from coast to coast.
 
 
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CANADA OFFICE
National construction activity reached 16.0 million sq. ft. for the first time since Q4 2015. The uptick in activity was brought on by the Vancouver market. 
 
AVERAGE
CLASS A NET RENT

$19.70 per sq. ft.
DOWNTOWN VACANCY
10.1%

UNDER
CONSTRUCTION

16.0 million sq. ft.

SUBURBAN VACANCY
13.1%
CANADA INDUSTRIAL
The national average net asking rent reached a record high of $7.97 per sq. ft. in Q1 2019. This was led by strong rental growth in Toronto, Edmonton and Vancouver.
 
AVAILABILITY
RATE

3.0%
UNDER
CONSTRUCTION

22.6 million sq.ft.

AVERAGE 
SALE PRICE

$148.02 per sq. ft.

AVERAGE
NET RENT

$7.97 per sq. ft.
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