#office-vacancy

#office-vacancy

"Downtown most definitely needs an increase in residential population. If we are going to support a vibrant retail corridor... you need a residential population to sort of support that type of economy."

The vacancy rate will continue to climb marginally until 2025 and then we will see a broad decline, as the economy grows, and as there is a settling into a new kind of workspace. We will see more attendance in the office, but hybrid will be there to stay.