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Canadian Office Space Market Healthier Than US Office Market

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According to a recent report by CB Richard Ellis, Canada's national office space vacancy rate is a healthy 9.3%, down from 10.1% a year earlier. That compared with the US office space vacancy rate of around 17% is a very healthy market.  The big difference is in that the Canadian's have a Landlord controlled market, whereas the US is a Tenant's market.

First Quarter Vacancy rates in Major Canadian markets:

Source

Canadian Office Space Market Information

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