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Is office building real estate in for a shock with vacancies remaining so high?

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Risks in Canada's residential real estate market are closely monitored, but economists and analysts are increasingly warning that we need to pay attention to commercial real estate.

The pandemic turned Toronto's once-bustling financial district into a ghost town. Offices have now reopened, but hybrid and flexible work models are the norm in many workplaces across the continent.

Vacancy rates for commercial office buildings are high and economists are worried.

As Anne Gaviola explains, we could see the biggest real estate shock in office buildings, not homes.

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Category
U.S. & Canada
Tags
global news, office building, office buildings
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