Q4 2025 Toronto Office Market Report
The Greater Toronto Area office market entered early recovery mode in Q4 2025, reaching a clear 'turning point' due to rising demand for quality office space in key markets. While the overall vacancy rate remains high compared to historical levels, the downtown core is changing. Vacancy is trending down as leasing activity picks up, and the gap between supply and demand is narrowing. Across the GTA, vacancy only increased slightly this quarter by 0.1 percent, sitting at 17.3 percent. Average net rents have grown to $23.53 per square foot.
Read our Q4 2025 Office Market Report for more information on how the market has been trending and how tenants can leverage current market conditions.
Read our Q4 2025 Office Market Report for more information on how the market has been trending and how tenants can leverage current market conditions.