Downtown offices on the road to recovery despite headwinds yyc yycbiz
Downtown office vacancy dropped 2.5 per cent over the past 12 months to 27.2 per cent — a 0.3 per cent improvement from the third quarter. Class AA properties lead the way with a 2.9 per cent drop to 14.8 per cent over the same period.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try again“There is a dichotomy forming downtown where you have the top 30 buildings in the core which are performing quite well — they have increased pressure on rental rates, there’s a fair amount of demand for that type of product,” said Adam Hayes, principal of occupier services for Avison Young.
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