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Toronto Office Market Report Q4 2021

While Q4 2021 saw strong momentum of economic and office leasing activity in the Greater Toronto Area, the emergence of the Omicron variant forced companies to once again rethink their return to-office expectations as many postpone their return-to-office plans. Absorption for the GTA netted positive this quarter at 751,123 square feet, mostly attributed to the delivery of predominantly pre-leased new supply projects in the Downtown East market. Menkes’ LCBO Tower and both Waterfront Innovation Centre buildings were completed, totaling 1.2 million square feet of new inventory. GTA vacancy increased by 230 basis points (bps) year-over-year to 8.7%; meanwhile, the amount of sublease vacant space decreased by 262,191 square feet. 2022 is poised to test the viability of hybrid work models in the long run, as landlords and occupiers rebuild confidence in the office as a tool for enabling company growth and longevity.

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In a lockdown, where does work end and parenting begin? Welcome to the brave new world of ‘zigzag working’

Great article found here - https://theconversation.com/in-a-lockdown-where-does-work-end-and-parenting-begin-welcome-to-the-brave-new-world-of-zigzag-working-169088 Employers might also consider…

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Open offices failed. These are 6 essentials to make sure the next office doesn’t

Great article found here - https://www.fastcompany.com/90682289/open-offices-failed-workers-these-are-6-essentials-to-make-sure-future-offices-dont Community spaces should cover…

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Canadian workers are ready to come back to the office

KPMG survey finds most ready to return, but three quarters…

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How The Collective is helping tenant’s get back to the office.

Link to The Collective When the pandemic sent us all…