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Office subleases are flooding the market in downtown Toronto: real estate firm

from Canadian Press via Orilliamatters.com

Office subleases are flooding the market in downtown Toronto: real estate firm Canadian Press via Orilliamatters.com One commercial real estate company says it has seen a “spike” in vacant offices in downtown Toronto as businesses have struggled to sublet their expensive spaces. Jones Lang LaSalle IP Inc. says in a report that only one large, new downtown lease was signed during the second quarter. It estimates tenants, especially small businesses, put 169 office spaces on the market. READ MORE

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