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Toronto Office

‘Half-Decent’ Q3 For Office Leasing

Toronto had 650k SF of downtown space come off the market in Q3, the most since Q4 '11. “It was time to have a half-decent quarter,” says CBRE research director Ross Moore. That said, there was an absence of large transactions. "It was more small- and medium-sized deals that added up." (Every lease trimmed down for bikini season.) The financial services and banking sectors are driving this uptick, says Ross, which will help to balance out the wave of supply coming to the downtown Toronto market over the next two years.

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