The city that took the biggest hit in commercial real estate is coming back to life
With more than, businesses have started to think about getting their staff back to the office.
It’s been 17 months since the pronouncement of a global pandemic in March 2020 emptied the glass and steel towers of Canada’s business hub. During the pandemic, vacancy rates for office buildings soared from historic lows to higher than the worst of the 2009 financial crisis. “As virus containment measures continue to be lifted, the market is expected to see a turning point with an uptick in touring activity which will translate to an increase in leasing activity in the latter half of the year,” said the report.
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