Office market reaches equilibrium as vacancy and availability remain largely unchanged on the quarter while absorption was slightly positive.
Insight
Canada Office Market Dynamics - Q2, 2025
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So far, the battle between back to the office mandates and tariff related economic uncertainty has resulted in a draw. Vacancy increased 10 basis points while availability declined 10 basis points. Meanwhile absorption witnessed as shift into positive territory at 111,359 s.f.
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