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Regional Research

OFFICE MARKETBEAT Q3 2021

OFFICE MARKET RESEARCH CANADA

CANADIAN OFFICE MARKET METRICS

AUTHOR: CUSHMAN AND WAKEFIELD KINGSTON  |  DATE: OCTOBER 25TH, 2021

Cushman and Wakefield Canada Research have released the Q3 2021 Office Marketbeat. 

Here are the report highlights: 

  • In September 2021 employment returned to its February 2020 pre-pandemic level.
  • An overall negative absorption across Canada was primarily driven by new vacancy outpacing demand in just a few markets rather than softening in multiple markets. 
  • Although leasing activity was down from last quarter, the YTD total was higher compared to the same time period in 2020. 
SOURCE: CUSHMAN AND WAKEFIELD RESEARCH CANADA

CLICK HERE TO VIEW THE CANADA  NATIONAL Q3 2021 OFFICE MARKETBEAT.


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