Expanding tenants reinforce market strength

  • Suburban submarkets recorded a majority of the market’s total positive net absorption in 2017 as the CBD's vacancy rate remains the lowest in the country.
  • Demand from expanding tenants fueled a significant decline in the overall availability rate, which fell 280 basis points year-over-year to 9.9%.
  • Investment activity gained momentum in Q4 2017 with nine office properties sold to institutional buyers.