Between 2020 and 2023, the net absorption of office space in Toronto increased , but remained negative at -3.58 million square feet. Although the increase is a sign that the market is recovering from the coronavirus (COVID-19) pandemic, the negative rate shows that leasing activity is still behind. Net absorption is the total amount of space which tenants moved into minus the total amount of space which tenants moved out of during a specific period. According to the national forecast, office absorption is expected to further increase in 2024.
Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024
(in million square feet)
Characteristic
Office space in million square feet
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CBRE Group. (February 26, 2024). Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/953933/net-absorption-office-toronto/
CBRE Group. "Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet)." Chart. February 26, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/953933/net-absorption-office-toronto/
CBRE Group. (2024). Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/953933/net-absorption-office-toronto/
CBRE Group. "Net Absorption of Office Space in Toronto, Canada from 2016 to 2023 with a Forecast for 2024 (in Million Square Feet)." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/953933/net-absorption-office-toronto/
CBRE Group, Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) Statista, https://www.statista.com/statistics/953933/net-absorption-office-toronto/ (last visited July 22, 2024)
Net absorption of office space in Toronto, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph], CBRE Group, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/953933/net-absorption-office-toronto/