Kevin Thorpe, our global chief economist, discusses how the labor market’s recovery is stalling across the Americas and why the recovery among different property types is uneven. He also shares our forecast on the U.S. and Canadian economy and the timeframe for when we expect the office market to fully recover.
During the on-demand webinar, our expert panel will discuss:
- COVID-19’s impact on commercial real estate
- Cross-border investment trends
- Forecast for Toronto’s office market through 2024
Janice Stanton from our capital markets team provides an overview of transaction investment volumes across the Americas, along with cap rates for prime office across Americas, APAC/China, and Europe and the impact that low interests rates are having.
Rebecca Rockey, our global head of forecasting, puts Toronto’s office market into perspective and shows the trends related to both supply and demand. She also provides a forecast for downtown Toronto and suburban office rents over the next two years under three scenarios and a timeframe for when we expect rents to stabilize.