2018 Market Insights Report - Office
Q3 2018 saw a 0.2% decrease in overall vacancy of office space across the GTA.
In downtown, the vacancy rate is sitting at a record 3.4%. While Toronto West continues to be the submarket with the most vacancy in the GTA, at 9.8% it has decreased form 10.2% at the end of Q2 and 10.6% from the end of Q1.
As a result of continually low vacancy rates, there is consistent upward pressure on rental rates which are forecasted to continue to increase.
To learn more about the state of the Toronto Market, read the Cresa Toronto Q3 Office Market Report.