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Toronto has 8.7 million square feet of office space under construction and 27.5 million more in the development pipeline. While the COVID-19 pandemic will undoubtedly create some fallout within the sector — a rethinking of office space usage, perhaps some delivery delays due to virus-related site shutdowns and restrictions — all this activity is leading toward significant movement among some of the Greater Toronto Area’s largest tenants during the next three years.
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