‘Worst Is Over’: Downtown Office Vacancy Rates Showing Signs Of Improvement

'Worst Is Over': Downtown Office Vacancy Rates Showing Signs Of Improvement

‘Worst Is Over’: Downtown Office Vacancy Rates Showing Signs Of Improvement

Sep 13,2023 Leave a comment By The Lilly Commercial Team

Suburban office markets are continuing to show lower vacancy rates than downtown areas, Colliers says

Suburban office markets are continuing to show lower vacancy rates than downtown areas, where a substantial increase in new office supply has been pushing vacancies higher.

According to Colliers Canada’s latest National Market Snapshot, 93 per cent of new office supply this year through the end of the second quarter has been concentrated in downtown areas. Suburban office vacancy rates stood at 11.7 per cent compared to its downtown counterpart at 15 per cent.

Source Financial Post. Click here to read a full story

You must be logged in to post a comment

FOR SALE – Retail Space – Toronto

Address: 270 Spadina Ave 3, Toronto Available area: 1,315 Sq Ft Price: $1,450,000 Rare opportunity t ...

FOR LEASE – Office/Medical Space – Toronto

🏢 1200 Lawrence Ave E, Toronto Space: Use: Total Area: Asking Price: 300 Office/Medical 1 ...

FOR SALE – Café Business – Two Prime Locations – Toronto

Business Highlights (Combined for 2 locations): Asking Price: $250,000 Approx. NOI: $168,000 YoY gro ...

FOR LEASE – Retail/Office Space – Mississauga

CLICK HERE FOR THE BROCHURE Click Here For Zoning Map 🏢 4550 Hurontario Street Mississauga, ON � ...

FOR SUBLEASE – Office Space – Broadview Ave, Toronto

🏢 100 Broadview Avenue, 400, Toronto, ON 💰 Asking Price: $39.50 Gross Lease 📐 Total Ar ...

FOR LEASE – Office Space – Scarborough, ON

🏢 2190 Warden Ave, 212a, Toronto, ON 💰 Asking Price: $18 Sq Ft Net 💲Taxes: ...

FOR SALE – Commercial Building – Smith Falls, ON

🏢 28 Beckwith St N, Smith Falls, ON 💰 Asking Price: $499,000 💲Taxes: ...

FOR SALE – Industrial And/Or Office Building – Etobicoke, ON

🏢 41 Chauncey Ave, Toronto (Etobicoke) 💰 Asking Price: $4,000,000 📐 Building S ...

FOR SALE – Business With Property – Georgina, ON

Address: 10246 Old Shiloh Rd, Georgina, ON L0E 1N0 Total Area: 20.54 Acres Asking Price: Contact Lis ...

Locations

RE/MAX Hallmark Realty Ltd., Brokerage
685 Sheppard Avenue East Suite 401, Toronto

Toronto

Riverdale Office

RE/MAX Hallmark Realty Ltd.

630 Danforth Ave
Toronto, ON M4K 1R3

Office: (416) 462-1888
Fax: (416) 462-3135

View map

Leslieville Office

RE/MAX Hallmark Realty Ltd.

785 Queen Street East
Toronto, ON
M4M 1H5

Office: (416) 465-7850
Fax: (416) 463-7850

View map

Bayview Village Office

RE/MAX Hallmark Realty Ltd.

685 Sheppard Avenue East
Suite 401
Toronto, ON
M2K 1B6

Office: (416) 494-7653
Fax: (416) 494-0016

View map

The Beach Office

RE/MAX Hallmark Realty Ltd.

2277 Queen Street East
Toronto, ON
M4E 1G5

Office: (416) 699-9292
Fax: (416) 699-8576

View map

College Street Office

RE/MAX Hallmark Realty Ltd.

968 College Street
Toronto, ON
M6H 1A5

Office: (416) 531-9680
Fax: (416) 531-0154

View map

Merton Office

RE/MAX Hallmark Realty Ltd.

170 Merton Street
Toronto, ON
M4S 1A1

Office: 416-486-5588
Fax: 416-486-6988

View map

York

Richmond Hill Office

RE/MAX Hallmark Realty Ltd.

9555 Yonge Street, Suite 201
Richmond Hill, ON
L4C 9M5

Office: (905) 883-4922
Fax: (905) 883-1521

View map

Newmarket Office

RE/MAX Hallmark York Group Realty Ltd.

25 Millard Ave West Unit B
Newmarket, ON
L3Y 7R5

Office: (905) 727-1941
Fax: (905) 841-6018

View map

Durham

Ajax Office

RE/MAX Hallmark First Group Realty

314 Harwood Ave. South, Suite 200
Ajax, ON
L1S 2J1

Office: (905) 683-5000
Fax: (905) 619-2500

View map

Pickering Office

RE/MAX Hallmark First Group Realty

1154 Kingston Road
Pickering, ON
L1V 1B4

Office: (905) 831-3300
Fax: (905) 831-8147

View map

Whitby Office

RE/MAX Hallmark First Group Realty

304 Brock Street South, 2nd Floor
Whitby, ON
L1N 4K4

Office: (905) 668-3800
Fax: (905) 430-2550

View map

Halton

Oakville Office

RE/MAX Hallmark Realty Ltd.

515 Dundas Street West
Oakville, ON
L6m 4M2

Office: 905-257-7500

View map

Barrie

Bayfield Head Office

RE/MAX Hallmark Chay Realty

152 Bayfield Street
Barrie, ON
L4M 3B5

Office: (705) 722-7100

Toll Free: (866) 606-2429

Fax: (705) 722-5246

View map

Caplan Office

RE/MAX Hallmark Chay Realty

112 Caplan Avenue
Barrie, ON
L4N 9J2

Office: (705) 722-7100

Toll Free: (866) 606-2429

Fax: (705) 735-6980

View map

Caplan Office

RE/MAX Hallmark Chay Realty

112 Caplan Avenue
Barrie, ON
L4N 9J2

Office: (705) 722-7100

Toll Free: (866) 606-2429

Fax: (705) 735-6980

View map

Innisfil Office

RE/MAX Hallmark Chay Realty

2095 Thompson Street
Innisfil, ON
L9S 1T1

Office: (705) 431-7100

Toll Free: (888) 822-2606

Fax: (705) 431-7667

View map

Alliston Office

RE/MAX Hallmark Chay Realty

20 Victoria St W Box 108
Alliston, ON
L9R 1T9

Office: (705) 435-5556

Toll Free: (866) 936-3500

Fax: (705) 435-5356

View map

Tottenham Office

RE/MAX Hallmark Chay Realty

22 Queen St S Box 636
Tottenham, ON
L0G 1W0

Office: (905) 936-3500

Toll Free: (866) 936-3501

Fax: (905) 936-5356

View map

Bradford WG Office

RE/MAX Hallmark Chay Realty

4-450 Holland Street
Bradford, ON
L0G 1W0

Office: (905) 778-0292

Toll Free: (866) 606-2429

Fax: (705) 722-5246

View map

Ottawa

Innes Office

RE/MAX Hallmark Realty Group

Unit# 200 4366 Innes Road
Ottawa, ON
K4A 3W3

Office: (613) 590-3000

View map

Carling Office

RE/MAX Hallmark Realty Group

Unit# 101 2255 Carling Avenue
Ottawa, ON
K2B 7Z5

Office: (613) 596-5353

View map

Ottawa Downtown Office

RE/MAX Hallmark Realty Group

344 O'Connor Street
Ottawa, ON
K2P 1W1

Office: (613) 563-1155

View map

Ottawa Central Office

RE/MAX Hallmark Realty Group

610 Bronson Avenue
Ottawa, ON
K1S 4E6

Office: (613) 236-5959

View map

Kanata Office

RE/MAX Hallmark Realty Group

700 Eagleson Road
Ottawa, ON
K2M 2G9

Office: (613) 663-2720
Fax: (613) 592-9701

View map

Richmond Office

RE/MAX Hallmark Realty Group

6159 Perth Street
Ottawa, ON
K0A 2Z0

Office: (613) 838-4040
Fax: (613) 596-4495

View map

Greenbank Office

RE/MAX Hallmark Realty Group

100-1073 Greenbank Rd
Ottawa, ON
K2J 4H8

Office: (613) 596-5353
Fax: (613) 596-4495

View map

Incorporations

Ajax

513 Westney Road South
Ajax, ON
L1S 6W8Office: 905-683-5000
Fax: 905-619-2500

Alliston

20 Victoria St W Box 108
Alliston, ON
L9R 1T9Office: 705-435-5556
Fax: 705-435-5356

Angus

2 Summerset Place
Angus, ON
L0M 1B2Office: 705-424-7200
Fax: 705-424-6940

Re/Max Hallmark Trends Group Realty

15004 Yonge Street
Aurora, ON
L4G 1M6Office: 905-727-1941
Fax: 905-841-6018

Aurora

15004 Yonge Street
Aurora, ON
L4G 1M6Office: 905-727-1941
Fax: 905-841-6018

Re/Max Hallmark Lind Group Realty Ltd.

15105 Yonge Street
Aurora, ON
L4G 1M3Office: 905-841-0000
Fax: 905-727-2230

Re/Max Hallmark Peggy Hill Group Realty

374 Huronia Rd.
Barrie, ON
L4N 8Y9Office: 705-739-4455
Fax:

Bayfield

152 Bayfield Street
Barrie, ON
L4M 3B5Office: 705-722-7100
Fax: 705-722-5246

Caplan

112 Caplan Avenue
Barrie, ON
L4N 9J2Office: 705-722-7100
Fax: 705-735-6980

Chilton Team

152 Bayfield Street
Barrie, ON
L4M 3B5Office: 705-722-7100
Fax: 705-722-5246

Bradford WG

450 Holland Street Unit 4
Bradford, ON
L3Z 0G1Office: 905-778-0292
Fax: 705-722-5246

Innisfil

2095 Thompson Street
Innisfil, ON
L9S 1T1Office: 705-431-7100
Fax: 705-431-7667

Re/Max Hallmark Ciancio Group Realty

190 Main Street Suite 203
Markham, ON
L3R2G9Office: 647-247-6000
Fax: 647-429-6100

Bayview Village

685 Sheppard Avenue East, Suite 401
North York, ON
M2K 1B6Office: 416-494-7653
Fax: 416-494-0016

Innes

4366 Innes Road Suite 200
Ottawa, ON
K4A 3W3Office: 613-590-3000
Fax: 613-590-3050

Carling

2255 Carling Avenue Suite 101
Ottawa, ON
K2B 7Z5Office: 613-596-5353
Fax: 613-596-4495

O'Connor

344 O'Connor Street
Ottawa, ON
K2P 1W1Office: 613-563-1155
Fax: 613-563-8710

Bronson

610 Bronson Avenue
Ottawa, ON
K1S 4E6Office: 613-236-5959
Fax: 613-236-1515

Richmond

6159 Perth Street
Ottawa, ON
K0A 2Z0Office: 613-838-4040
Fax: 613-596-4495

Greenbank

100-1073 Greenbank Rd
Ottawa, ON
K2J 4H8Office: 613-596-5353
Fax: 613-596-4495

Kanata

105-700 Eagleson Rd.
Ottawa, ON
K2M 2G9Office: 613-663-2720
Fax: 613-592-9701

RE/MAX Hallmark Pilon Group Realty

4366 Innes Road Suite 200
Ottawa, ON
K4A 3W3Office: 613-909-8100
Fax: 613-590-3079

RE/MAX Hallmark Jenna & Co. Group Realty

2255 Carling Avenue, Suite 101A
Ottawa, ON
K2B 7Z5Office: 613-596-4300
Fax: 613-596-4495

Re/Max Hallmark Jacki Lam Group Realty

1154 Kingston Road
Pickering, ON
L1V 1B4Office: (905) 831-3300
Fax: (905) 831-8147

Pickering

1154 Kingston Road
Pickering, ON
L1V 1B4Office: 905-831-3300
Fax: 905-831-8147

Richmond Hill

9555 Yonge Street, Suite 201
Richmond Hill, ON
L4C 9M5Office: 905-883-4922
Fax: 905-883-1521

Riverdale

724 Pape Avenue
Toronto, ON
M4K 3S7Office: 416-462-1888
Fax: 416-464-3135

The Beach

2277 Queen Street East
Toronto, ON
M4E 1G1Office: 416-699-9292
Fax: 416-699-8576

Yonge

3434 Yonge Street
Toronto, ON
M4N 2M9Office: 416-489-3434
Fax: 416-489-5445

College

968 College Street
Toronto, ON
M6H 1A5Office: 416-531-9680
Fax: 416-531-0154

Mount Pleasant

723 Mount Pleasant Road
Toronto, ON
M4S 2N4Office: 416-486-5588
Fax: 416-486-6988

Leslieville

785 Queen Street East
Toronto, ON
M4M 1H5Office: 416-465-7850
Fax: 416-463-7850

Re/Max Hallmark Batori Group Inc.

357 Eglinton Ave W
Toronto, ON
M5N1A3Office: 416-485-7575
Fax: 416-484-4448

Re/Max Hallmark Ari Zadegan Group Realty

3434 Yonge Street Suite 101
Toronto, ON
M4N2N9Office: 416-489-4287
Fax: 416-352-0118

Re/Max Hallmark Estate Group Realty Ltd

2277 Queen Street East Suite A
Toronto, ON
M4E1G5Office: 416-699-2992
Fax: 416-699-8576

Re/Max Hallmark Bibby Group Realty

723 Mount Pleasant Road Suite 105
Toronto, ON
M4S2N4Office: 416-481-0888
Fax: 416-486-6988

Re/Max Hallmark Corbo & Kelos Group Realty Ltd

785 Queen St. East Suite 301
Toronto, ON
M4M1H5Office: 416-462-4787
Fax: 416-463-7850

Re/Max Hallmark Elite Group Realty

685 Sheppard Avenue East, Suite 401-11
Toronto, ON
M2K1B6Office: 416-494-8557
Fax: 416-494-7653

Re/Max Hallmark Emerson Group Realty Ltd

2277 Queen Street East Suite 104
Toronto, ON
M4E1G5Office: 416-690-2727
Fax: 416-699-8576

Re/Max Hallmark Francis Group Realty

785 Queen St. East Suite 7
Toronto, ON
M4M1H5Office: 416-466-1888
Fax: 416-463-7850

Re/Max Hallmark Fraser Group Realty

685 Sheppard Avenue East, Suite 401-47
Toronto, ON
M2K1B6Office: 416-494-7686
Fax: 416-494-0016

Re/Max Hallmark Joy Verde Group Realty

723 Mount Pleasant Road Suite 104
Toronto, ON
M4S2N4Office: 416-481-5666
Fax: 416-486-6988

Re/Max Hallmark Kathy McLachlan Group Realty Ltd

723 Mount Pleasant Road Suite 103
Toronto, ON
M4S2N4Office: 416-486-6565
Fax:

Re/Max Hallmark Montano Group Realty

785 Queen St. East Suite 201
Toronto, ON
M4M1H5Office: 416-424-3038
Fax: 416-465-7850

Re/Max Hallmark Pierre Carapetian Group Realty

785 Queen St. East
Toronto, ON
M4M1H5Office: 416-424-3434
Fax: 416-465-7850

Re/Max Hallmark Richards Group Realty Ltd

2241 Queen Street East
Toronto, ON
M4E1G1Office: 416-699-0303
Fax: 416-699-8576

Re/Max Hallmark Yu Group Realty Ltd

685 Sheppard Avenue East, Suite 401-19
Toronto, ON
M2K1B6Office: 416-494-9858
Fax: 416-494-0016

Muskoka

C/O Yonge St. Office (3434 Yonge Street)
Toronto, ON
M4N 2M9Office: 416-489-3434
Fax: 416-489-5445

Re/Max Hallmark Jamie Dempster Group Realty

685 Sheppard Avenue East, Suite 401
Toronto, ON
M2K1B6Office: (416) 494-7653
Fax: (416) 494-0016

Tottenham

22 Queen St S Box 636
Tottenham, ON
L0G 1W0Office: 905-936-3500
Fax: 905-936-5356

Re/Max Hallmark Lino Arci Group Realty

3420 Major Mackenzie Dr Suite 103
Vaughan, ON
L4H4J6Office: 416-479-1550
Fax: 416-913-2044

Whitby

304 Brock Street South
Whitby, ON
L1N 4K4Office: 905-668-3800
Fax: 905-430-2550

Terms & Conditions and Privacy Policy

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Not intended to solicit properties currently listed for sale. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.