New Office Buildings in Toronto Already 70% Leased

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The new office buildings in Toronto are already 70% leased! The vacant space still left over will only add 1.2% to the Downtown vacancy rate. If this were to happen today the total vacancy rate would only increase to 6.4%. Most commercial real estate experts suggest the tipping point between a Landlord and Tenant market is between 8 – 10% – by my numbers we’re still in excellent shape to weather this storm.