Back to all Articles
Utilizing real estate conversion to boost housing supply
Supporting real estate conversion should not be seen through an all or nothing lens. It is an opportunity to rethink the balance of downtowns so that office building and residential towers can all succeed. Photo: Adobe Stock
Published in
January 2025
- Page 9
More than four years removed from the start of the COVID-19 pandemic and the shift to remote work, downtowns across Canada continue to see stubbornly high office vacancy rates. According to CBRE, a global commercial real estate services and investment company, Ottawa, Toronto, and Calgary had downtown office vacancy rates of 14 per cent, 18.1 per cent, and 30.3 per cent, respectively, in the second quarter of 2024. At the same time, several
ALL MUNICIPAL. ALL ACCESS.
- All content
- Digital or Print Magazines (12 annually)
- Post Jobs
- Post RFPs
- Post Events
- 100 Years of Research
When it’s time to turn a new page, trust Municipal World to up your game
with innovative trends, emerging issues, important stories while
highlighting game-changing people in the Canadian municipal sector.