• Heavy demand from the FIRE industries as well as the tech sector has placed downward pressure on Toronto Central’s vacancy rate, sitting at 2.7% at the end of Q4.

• The north and final office tower of the Bay Adelaide development commenced construction. It will bring an additional 820,000 sq. ft. with Scotiabank pre-leasing 51% of the space.

• Building on a strong third quarter, GTA West experienced positive absorption of 362,755 sq. ft. Meanwhile, GTA North and East had an absorption 109,682 sq. ft. and -21,141 sq. ft. respectively.

• Ontario Teacher’s Pension Plan increased its footprint from 260,000 sq. ft. to 341,000 sq. ft. in 160 Front Street, which is expected to be completed in Q4 2022.

• LinkedIn committed to expand by 50,000 SF and has pre-leased 85,000 sq. ft. at 16 York Street, which is on track for completion in Q2 2020.

• The Shift at 25 Ontario Street officially broke ground at the end of 2018 and will be anchored by Think Research.