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Canada's commercial real estate market stabilizes with lower office and industrial vacancy rates.
Canada’s commercial real estate market appears to be stabilizing, with national vacancy rates for both office and industrial properties dropping simultaneously for the first time since 2020.
Office vacancies fell to 13.6% while industrial vacancies dropped to 3.5%, driven by strong demand and a sharp slowdown in new construction.
Analysts predict the market will remain balanced, though office space is unlikely to return to pre-pandemic levels.
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El mercado de bienes raíces comerciales de Canadá se estabiliza con tasas más bajas de oficinas e industrias vacantes.