Toronto sublet inventory hits record level as companies look to shed space. Find out more.
Avison Young said there is still a great deal of uncertainty among tenants regarding their office space needs, and that as a result many are deferring their decisions to sign leases whenever possible and hedging their bets with shorter terms, to preserve flexibility.
Almeida said tenants who want to terminate often quickly realize that their only option is to put the space on the sublet market. Shopify’s 348,103-square-foot space — spanning seven floors — hit the sublet market in January, and thus is not tallied in the fourth quarter figures released by Avison Young.Article content
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Toronto's office sublet inventory hits record high as businesses look to shed spaceToronto sublet inventory hits record level as companies look to shed space. Find out more.
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