Market Trends
- Sublease availability continues to grow as companies across the city reevaluate and downsize their office requirements in line with hybrid working trends and interest rate hikes
- Leasing activity is now higher than the past two guarters and is also inline with the 5-vear quarterly average as office space demand remains steady
- The suburban office market continues to see rent growth despite continued declines in the CBD possibly as a result of companies relocating to smaller and more affordable space