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Toronto’s tech sector is driving office demand, with leases rising and construction expanding to meet needs through 2026.
Toronto’s office market is seeing a surge in tech-driven expansion, with tech firms now leasing 15% of downtown space—up from 10% last year—signaling strong physical investment.
Companies are prioritizing flexible, secure, and scalable workspaces, fueling demand for high-quality office renovations and construction.
BUILD IT Toronto is supporting this growth with projects including a confidential semiconductor headquarters, upgrades for AECOM, and a new office for ZURU Group.
Rising leases, like Lyft’s 90,000-square-foot deal at First Canadian Place, are tightening the market, prompting firms to focus on predictable delivery, budget control, and design quality to ensure operational continuity as tech investment in the city continues through 2026.
El sector tecnológico de Toronto está impulsando la demanda de oficinas, con el aumento de los alquileres y la expansión de la construcción para satisfacer las necesidades hasta el 2026.