The glut of office space up for grabs in Toronto just got bigger.
News that shared workspace giant WeWork is filing for protection from creditors comes at a time when the office rental market was already struggling with the work-from-home trend, a slumping economy, and a struggling technology industry, real estate analysts say.
“This will absolutely make it more difficult for building owners to lease out office space,” said veteran real estate analyst and consultant John Andrew. “This is a huge blow.”
Chowtown, get used to it.
