{"id":918033,"date":"2026-10-02T16:32:11","date_gmt":"2026-10-02T16:32:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/918033\/"},"modified":"2026-10-02T16:32:11","modified_gmt":"2026-10-02T16:32:11","slug":"office-demand-surges-but-canadas-older-buildings-miss-the-rebound","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/918033\/","title":{"rendered":"Office demand surges, but Canada&#8217;s older buildings miss the rebound"},"content":{"rendered":"<p>A thinning construction pipeline tightens supply<\/p>\n<p dir=\"ltr\">Sublease space fell by 1.3 million square feet, the largest quarterly drop since 2005, and now sits 50.2% below its peak.<\/p>\n<p dir=\"ltr\">Only 1.4 million square feet is under construction, and just 23.2% of it is pre-leased, down from more than 60% a year earlier.<\/p>\n<p dir=\"ltr\">The report said &#8220;the thinning pipeline of new supply is expected to remain constrained with no significant deliveries on the horizon beyond 2027.&#8221;<\/p>\n<p dir=\"ltr\">&#8220;The earliest that Canada will see any significant new office completions is 2032, but that timeline shifts with each day that new construction isn&#8217;t kicked off,&#8221; Meehan said.<\/p>\n<p dir=\"ltr\">For commercial mortgage brokers, the data points to diverging financing conditions. Well-leased premium assets gain pricing power. Owners of older buildings face weaker leasing prospects and growing pressure to convert or redevelop.<\/p>\n","protected":false},"excerpt":{"rendered":"A thinning construction pipeline tightens supply Sublease space fell by 1.3 million square feet, the largest quarterly drop&hellip;\n","protected":false},"author":2,"featured_media":918034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,147102,316300,211646,44],"class_list":["post-918033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-canadian-commercial-real-estate","tag-canadian-office-market","tag-cbre","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/918033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=918033"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/918033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/918034"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=918033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=918033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=918033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}