Should We Be Worried About The Office Market?

It's no secret that Canada's office market isn't doing so hot. Vacancies are still way above pre-pandemic levels, and some big companies like Shopify are giving up their leases altogether. In the US, where similar dynamics are in play, the value of some commercial buildings have been marked down by as much as 80% in fire sales by panicked landlords.

Should we be worried about our own office real estate market? Brian Rosen, President and CEO of Colliers International's Canadian arm, joins us to explain what's going on in Canada's office real estate market, how landlords and tenants are responding, and what impact it's all likely to have on Canada's economy.

-----

Links:

• More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch
• Follow Taylor on Twitter: @taylorscollon
• Follow Sarah on Twitter: @sarahbartnicka
• Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe