Toronto Real Estate News
Toronto
North American Multifamily Market Begins to Stabilize in Q1
Based on CBRE's latest research, the U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease -- trends that are expected to continue in 2023.
Singapore Replaces New York as Strongest Global Residential Rent Growth City in 2022
Global property consultant Knight Frank is reporting this week that Singapore leads the Q4 2022 rankings, pushing New York off the top spot. Singapore's annual rental growth grew from 23% in Q3 to 28% in Q4 2022, with limited stock and strong demand driving prices higher.
U.S. Tech Industry Office Leasing Pace Slowed in 2022 to Lowest Share in 5 Years
According to CBRE's annual Tech-30 report, the tech industry's share of U.S. office-leasing activity slipped in the first half of 2022 to its lowest share in five years.
Global Residential Rents Continue to Climb Despite Worldwide Economic Uncertainties
According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down from a high of 11.9% in Q1 2022.
