Greater Toronto Office Market Report Q1 2026
The Greater Toronto office market experienced significant recovery in Q1 2026, with the overall availability rate declining 160 basis points to 17.6% and vacancy falling 140 basis points to 15.7%, driven largely by strong leasing activity that added 2.1 million square feet across the region. Downtown Toronto led the recovery with availability dropping to 15.5% and vacancy to 13.1%, while zero new office building completions occurred during the quarter, with only 1.4 million square feet from CIBC Square Phase II remaining under construction and scheduled for Q2 2026 delivery.
Published by Avison Young. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Avison Young
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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