Q2 2025 TORONTO OFFICE MARKET REPORT

WORKPLACE

The GTA office market continues to adjust to evolving workplace needs, with a vacancy rate of 16.8% across 283.9 million square feet of space.

While headlines suggest a broad tenant’s market, availability varies significantly by asset class and location. Class A space remains tight, while Class B/C buildings offer greater flexibility and value. Landlords are responding with aggressive incentives and turnkey solutions, creating opportunities for tenants who plan ahead.

Now is the time to assess your space strategy, align it with return-to-office plans, and evaluate how your real estate supports business goals.

Read our Q2 2025 Office Market Report for a deeper dive into the latest trends, data, and insights.

July 24, 2025

TRANSACTION MANAGEMENT