Office Market Vacancy and Lease Rates (Q4 2015)
Downtown Financial Vacancy Rate Average Lease Rates ($/sq. ft.) Direct Vacancy (sq. ft.)
Class AA 8.6% $24.75 311,417
Class A 8.3% $21.50 278,152
Class B 8.3% $16.50 142,558
Class C 6.2% $14.00 67,810
Downtown overall 8.8% $19.66 1,291,754
Suburban overall 10.5% $16.66 1,258,228
Source: AvisonYoung
Notes: $ = Canadian dollars

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