Greater Toronto Area Office Market Report: Third Quarter 2020
The impact of COVID-19 and the Great Lockdown on Canada’s largest office market became more obvious in the third quarter of 2020. Despite the easing of some government restrictions and
a commendable effort by landlords and employers to provide safe and healthy work environments, the return to office has been slower than initially thought. There is a growing awareness and acceptance of the idea of more “flexible” or “fluid” workplaces and longer-term remote work plans will ultimately result in a more distributed workforce going forward. However, there is also staunch support for the physical office remaining a key component in the increasingly hybrid workplace.