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Prognosis starts to improve for Toronto’s office market

Gap between vacancy and availability is narrowing, signaling a nascent stabilization
Toronto Skyline  (Getty Images)
Toronto Skyline (Getty Images)
CoStar Analytics
October 20, 2025 | 3:10 P.M.

The gap between the vacancy and availability rates in Toronto’s office market has narrowed back to pre-COVID averages, a promising sign of stabilization.

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News | Prognosis starts to improve for Toronto’s office market