Greater Toronto Area Office Market Report: Second Quarter 2020
Updated: Nov 13, 2020
To say that the Greater Toronto Area office market has been impacted by COVID-19 is an understatement. However, the market entered the pandemic coming off a decade of transformative change and growth and, importantly, its success had been restricted by a supply shortage, despite active downtown development. Still, the Great Lockdown has muted leasing levels, led to an uptick in sublease space and forced occupiers to rethink how they use their premises.