Toronto’s Commercial Market Sees Drop in Real Cost of Rent

Downtown Toronto’s office market has become a tenant’s market, with businesses trying to get rid of space, pushing down the real cost of rent. While published rents may still appear to be holding up, tenants and commercial real estate brokers agree that rent has significantly decreased. Landlords are offering inducements such as free months of rent, more capital for renovations, and fully furnished suites to attract tenants.

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