The Greater Toronto Area could see a significant oversupply of office space for another two decades thanks to slumping demand in the wake of the pandemic combined with new construction already in the pipeline, according to an economist’s report.
Peter Norman, who prepared the report for the Toronto chapter of the National Association for Industrial and Office Parks, warned vacancy rates in the GTA could spike as high as 46 per cent in the years ahead.
“Toronto” is becoming a parasite sucking citizens dry financially and spiritually. Chow will make it worse and at a faster rate.
