Downtown Office Market Notches Slight Improvement Despite Tariff Threats

Downtown Office Market Notches Slight Improvement Despite Tariff Threats
The Toronto skyline in a file photo. The Canadian Press/Tijana Martin
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A new report shows Canada’s downtown office vacancy rate marked its first, if slight, improvement since the start of the pandemic.

The CBRE Group Inc. report shows the national downtown office vacancy rate dipped to 19.9 percent in the first quarter after hitting a record high of 20 percent in the previous quarter.