Episode 118 of the daily Toronto Real Estate Musing video blog. George O’Neill discusses the Toronto commercial real estate market with Commercial Realtor® Bob Hoosley from DTZ Barnicke.
If you are interested in Beach or downtown Toronto real estate or wish to discuss this topic further, please email George@GeorgeONeill.ca or leave a comment below.
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I see us coming out of this too but not next year. The new office towers will create a 16% vacancy rate in the Financial Core. NER’s have already dropped to the high teens in AAA class property. We’re not out of the woods yet!