Newmark Knight Frank Devencore Reports on Vibrant Toronto Office Market

Sustained Demand for Space Downtown; Development Set to ResumeTORONTO, December 1st, 2011 – In its Real Estate Market Study published today, Newmark Knight Frank Devencore reported that through the first three quarters of 2011, the corporate real estate market in the Greater Toronto Area continued to be one of the most active in the country. Office space continues to be absorbed at a healthy pace and combined vacancy rates in the Downtown District are in the 5.3% range. Vacancy rates in the corporate corridors outside of Toronto’s Downtown District have been higher than those downtown over