Toronto Office MarketBeat Q1 2026
Toronto's office market entered 2026 with improving fundamentals as downtown vacancy declined to a three-year low of 14.4% in Q1 2026 while asking rents reached $52.41 per square foot across all property classes, with the Financial Core leading recovery but suburban markets showing uneven performance. GTA-wide new leasing activity totaled 2.6 million square feet, up 31.9% year-over-year and the strongest first-quarter performance since 2018, though downtown leasing cooled 48.5% quarter-over-quarter from the prior year's surge while Class A rent growth re-emerged at approximately 110 basis points quarterly amid a highly segmented recovery across asset classes and submarkets.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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