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Toronto was a major contributor to the rising national office vacancy rate in the fourth quarter of 2023, which ticked up to 18.3 per cent across the 10 large major urban markets CBRE Canada surveys. Although Calgary, Edmonton, Vancouver, Ottawa and Halifax all recorded positive absorption, 827,000 square feet of surfeit empty space in Toronto…

There are obvious warning signs indicating a commercial elevator needs maintenance and regular inspections. Failing to maintain an elevator is not just a safety issue but also a violation of the law, including Americans with Disabilities Act (ADA) guidelines, which require specific elevators based on facility type and size and number of floors. Unless the…

Music City Center’s green roof provides sustainability options for convention center. The green movement has embraced the global marketplace and captured the attention of consumers, companies, architects, and facility managers like never before. From sustainable building designs to alternative fuels to water conservation, “going green” is causing businesses and industries to take notice and change…

The IREM Foundation is offering a 2024 scholarship to support women aspiring to career advancement in commercial real estate. Plans for the special bursary were hatched in conjunction with the 90th anniversary of the Institute for Real Estate Management (IREM) in 2023, and will be made available in a year when an all-female executive slate…

Office conversion plans helped trim downtown Ottawa vacancy rates in the fourth quarter of 2023. Colliers Canada reports 338,000 square feet of positive absorption citywide during the last three months of the year, with most of that activity occurring downtown and in the Kanata node of the suburban market. The overall vacancy rate climbed to…

As commercial designers shift their approach to what makes a great workspace, the focus on human connection and well-being has become paramount, laying the foundation for office trends that incorporate elements of residential and hospitality design and bring the natural world indoors. Human connection After spending time in homes alone or with close family, the…