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CoStar Insight

Emerging 'wellness quarter' could have a restorative effect on Toronto's office market

Concentration of health and wellness-focused tenants helping to offset loss of tech and creative firms that have been slow to return to downtown offices
Sweat and Tonic, a luxury fitness and wellness brand, occupies more than 25,000 square feet in The Well, a large mixed-use development owned by a partnership between Allied Properties REIT and RioCan REIT in downtown Toronto. (CoStar)
Sweat and Tonic, a luxury fitness and wellness brand, occupies more than 25,000 square feet in The Well, a large mixed-use development owned by a partnership between Allied Properties REIT and RioCan REIT in downtown Toronto. (CoStar)
CoStar Analytics
August 11, 2025 | 4:10 P.M.

There's a concept known as Hotelling’s Law in economics, which, despite the name, has no connection to the hospitality industry.

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