Canada’s Largest Office Leasing Deals in 2019

2019 was a hot year for the office sector across Canada, especially in Toronto and Vancouver. In fact, across the five major markets in Canada there was just under 2.4 million square feet of net absorption in 2019 with 54% of the activity occurring within Toronto. On the west coast, Vancouver represented only 17.3% of the absorption activity in 2019, however that was not due to a lack of demand but rather a lack of available space, as the city is currently facing a 2.8% office vacancy rate.