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How New Downtown Core Office Construction Will Affect Vacancy and Rental Rates

Toronto, Ontario (November 3, 2015) –¬†Within the confines of downtown Toronto, bordered by Yorkville Avenue, Lakeshore Boulevard, and Carlaw Avenue to the east and Dufferin Street to the west, over 12 million square feet of new office space is either under construction or approved and available to lease. The looming questions surrounding such a large block of delivery are, where are the new tenants going to come from, and what will be the resulting effect on the office space they leave behind?