Downtown Toronto Office Vacancy Rate Hits Record Low in Q2 2019

The growing collection of office towers under construction in Downtown Toronto is a tangible sign of the high demand for new commercial space in the heart of the city. This demand is highlighted in the latest quarterly office market report from CBRE, which states that the Downtown office market vacancy rate has dropped 20 basis points (bps) measured quarter-over-quarter, reaching a new record low of 2.4%.