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Toronto's office market may have a blind spot when it comes to availability rates

Why the largest leasing battles may not be where a traditional indicator shows
Downtown Toronto is navigating a shift in how and where office employees work. (Ashley Hardman/CoStar)
Downtown Toronto is navigating a shift in how and where office employees work. (Ashley Hardman/CoStar)
CoStar Analytics
September 14, 2026 | 12:16 P.M.

Office market participants rely heavily on space availability rates as a measure of market health. In a cyclical market, that makes sense. Availability generally increases during downturns, falls during expansions, and provides a useful gauge of the balance between supply and demand.

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