A new CBRE report says Canada’s office market completes a full year of recovery following disruptions from the COVID-19 pandemic. The report indicates that vacancy rates continue to ease, marking a sustained improvement compared with the sector’s earlier downturn. Across Canada, CBRE places the office vacancy rate at 17, suggesting ongoing progress as more space is absorbed and fewer offices remain unoccupied. The recovery also aligns with changing workplace practices, with employers increasingly requiring staff to return to in-person work. The sources frame this as a milestone moment: the office market is no longer just stabilizing after pandemic-related shifts, but is now described as having moved through a full year of recovery. While the report points to improvements in vacancies, it does not provide details in the excerpts reviewed about specific cities, rent levels, or leasing activity. Overall, the coverage focuses on the vacancy-rate trend, the timing of the recovery period, and the growing role of return-to-office policies in supporting demand.
CBRE says Canada’s office market completes one year of recovery as vacancies fall
A new CBRE report says Canada’s office market completes a full year of recovery following disruptions from the COVID-19 pandemic. The report indicates that vacancy rates continue to ease, marking a su...
- CBRE releases a report saying Canada’s office market has recovered for one full year after pandemic disruption.
- Vacancy rates are decreasing, indicating improved office occupancy conditions.
- CBRE estimates Canada’s office vacancy rate at 17.
- The recovery is occurring alongside more employers requiring employees to return to the office in person.
- Reports describe the change as a milestone in the sector’s post-pandemic adjustment.
The trend comes as employers are increasingly mandating that workers head back to the office
1 hour agoTORONTO — A new report from CBRE says Canada's office market has officially experienced one full year of recovery, a significant milestone after the COVID-19 pandemic disrupted the sector. CBRE said Canada's office vacancy rate stood at 17.
2 hours agoTORONTO — A new report from CBRE says Canada's office market has officially experienced one full year of recovery since the COVID-19 pandemic disrupted the sector. CBRE said Canada's office vacancy rate stood at 17.
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