Canada's office market of more than 500 million sq.ft. was somewhat erratic this past year. While vacancy rates rose in most markets, they also reached reversed course in some other cities. What were the reasons for this trend when you consider that our major cities are witnessing the largest surge in new development in some 25 years? How much absorption has there been? How have Toronto, Vancouver and Montreal performed compared with other markets? How have the suburbs fared relative to the downtown cores? What are the major drivers of demand? Is high tech the principal engine of growth while other sectors are flat or receding? What is the impact of tenants rethinking their workplaces and space requirements? What are the key priorities of occupiers?
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