ITRA Global Reports - Slow Demand for Canadian Office Space May Become the New Norm
Steady hiring intentions and respectable GDP numbers, would normally result in a healthier demand for office space. Toronto, Canada (PRWEB) April 23, 2014 “Slower demand for office space in Canada is likely the new normal”, says Jeff Howell, a partner at Nidea Corporate Real Estate and the Toronto affiliate of ITRA Global. “More office space has been left vacant than leased in Canada thus far this year, to the tune of 1.4 million square feet,” Mr. Howell states. “For five quarters in a row, the demand for space in existing buildings has been less than stellar. The pattern is now more th
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