Colliers Canada’s 2020 Q4 National Market Snapshot shows that the Canadian office market continues to experience rising vacancy rates.

Market analysts typify a second quarter uptick in downtown sublet activity as a spurt, not a glut. However, they project the trend is likely to continue.

The office vacancy rate in St. John’s rose again year over year, and now sits at 17.21 per cent overall, up from 15.96 per cent a year ago.

Toronto is North America’s fastest growing tech market, outpacing New York and San Francisco combined.

Despite a strong Ottawa office market, the downtown core still isn't realizing its full potential as an urban tech hub.

Available office space in the GTA declined during the first quarter of 2017, with record low vacancy setting the ground for a new development cycle.

Office vacancy in downtown Toronto has remained at a 4.6 per cent two-year record-low for the past three quarters.

Vacancy rates in downtown Montreal's Class A and B office buildings has risen to 9.0 per cent over the first half of 2015.

Montreal’s downtown office market slowed in 2015' Q3, but the suburban market showed more activity, with a vacancy drop from 1.2 per cent to 9.4 per cent.

The flight to quality in the Greater Toronto Area (GTA) has continued into the third quarter of 2015, as demand is focused on Class A office space.

Toronto's office market is growing beyond the downtown core as creative-class needs increase and financial industries expand.

Lower oil prices, shrinking availability of office space and urban intensification are a few big factors affecting various office markets across Canada.

The vacancy in Calgary’s office market has risen more than two per cent from Q1 2015, moving from 10.67 to 12.75 per cent in the Q2.

Vacancy rates among Class A and B office buildings in Ottawa have continued to increase over the past six months to almost 6.5 per cent.

Corporate real estate advisor and brokerage Newmark Knight Frank Devencore recently released a Real Estate Market Study, noting that office vacancy rates in the downtown areas of many major Canadian cities have increased, year-over-year. Over the last 12 months, Class “A” and “B” office vacancy rates have increased, Canada-wide, from 4.9 per cent to six per cent.