Office vacancies rose in Q1 as companies deferred leasing decisions: Morguard - BNN Bloomberg

Sverige Nyheter Nyheter

Office vacancies rose in Q1 as companies deferred leasing decisions: Morguard - BNN Bloomberg
Sverige Senaste nytt,Sverige Rubriker

Vacancy rates in Canada’s office leasing market rose during the first quarter, as millions of square feet of available space returned to the market and private sector companies delayed leasing decisions.

, average downtown office vacancy rates across the country hit 18.4 per cent, while suburban office vacancy rates reached 16.8 per cent.

“So demand is pretty soft…most of the demand for office space is either people that are relocating or renewing their leases,” he said. Amid rising vacancy rates, some tenants have benefited from current market trends by securing higher-quality office space at comparably lower costs, according to the report.

Previously if the economy was strong, the office market would perform accordingly and periods of economic weakness would weigh on the sector, according to Reading. However this may no longer be the case due to uncertainty regarding how often people come to the office, he said.

 

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

JPMorgan CEO Jamie Dimon has no plans to run for office, company saysJPMorgan CEO Jamie Dimon has no plans to run for office, company saysThe bank’s comment comes after billionaire hedge fund manager Bill Ackman said last week Jamie Dimon should run for president in the next U.S. elections
Läs mer »



Render Time: 2025-01-10 11:59:25