Leasing ActivityLeasing momentum improves, with committed occupancy in downtown Toronto increasing 110 bps from 84.2% to 85.3%.
Market ConditionsThere are early signs of improvement in the downtown Toronto office market, which should allow for gradual improvement and cash flow growth.
Potential Occupancy IncreaseManagement presented a bullish tone toward leasing velocity, with 328,000 sf of leases in negotiations potentially improving occupancy significantly.