Q4 2018 Market Insight
The Finance, Technology and Medical sectors have led the way in Toronto leasing activity for 2018 and assisted in decreasing the overall Greater Toronto Area vacancy rate to 5.2% from 5.9%.
With the low vacancy and high demand dynamic, construction activity has picked up, however relief in the form of significant new supply in downtown will not come until 2020 and beyond. As a result, landlord's negotiating leverage has strengthened.
For more information on the office market, read our full Q4 2018 Market Insight Report.