The Toronto real estate market is experiencing notable shifts, with the suburban office sector achieving its first annual net absorption gain since 2019, despite a stable overall vacancy rate of 20.7%. The downtown market, however, saw vacancy rates rise to 18.5%, influenced by new unoccupied office spaces. The industrial sector faced increased availability due to record-high new supply, leading to a decline in lease rates. Despite challenges, strong demand persists, particularly for high-quality office and industrial spaces.
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