Avison Young is finding that more of Canada’s downtown office space is empty as more commercial companies are moving to outside the city. The vacancy rates are steadily raising and there’s an alarming amount of free square feet in downtown spaces. Corporations are now being strong handed into re-designing office space to become more proficient and attract millennial workers. This is also forcing some landlords into refurbishing buildings and tired looking units, to remain competitive in today’s Canadian market.
Read the full article at: https://www.advisor.ca/news/economic/canadas-changing-commercial-real-estate-market-161241
