Lennard Commercial Real Estate

Market Insights

Expert analysis and research on Toronto's commercial real estate market, trends, and opportunities.

Office Vacancy Trends: What the Numbers Tell Us
Office
January 8, 20268 min read

Office Vacancy Trends: What the Numbers Tell Us

Downtown Toronto office vacancy has dropped to 11.2% as return-to-office mandates accelerate. We examine the data behind the recovery and what it means for landlords and tenants.

By David KimRead more
Industrial Demand Surge: E-Commerce Drives Growth
Industrial
December 20, 20257 min read

Industrial Demand Surge: E-Commerce Drives Growth

The GTA industrial market continues its remarkable run with sub-1% vacancy in prime logistics corridors. New supply is being absorbed before completion as e-commerce reshapes distribution networks.

By Robert GrendaRead more
The Evolution of Retail Space in Toronto
Retail
December 12, 20259 min read

The Evolution of Retail Space in Toronto

From experiential flagships to mixed-use conversions, Toronto's retail landscape is being reimagined. We explore the trends reshaping how retailers approach physical space in 2026.

By Michelle DrimmerRead more
Investment Outlook 2026: Opportunities in Uncertainty
Investment
December 5, 202510 min read

Investment Outlook 2026: Opportunities in Uncertainty

As interest rates stabilize, institutional and private capital is returning to commercial real estate. Our investment team identifies the most compelling opportunities across the GTA.

By Mark BerinsteinRead more
Sustainability in CRE: Beyond the Buzzword
Sustainability
November 28, 202511 min read

Sustainability in CRE: Beyond the Buzzword

Green building certifications are becoming table stakes for Class A properties. We examine how ESG mandates, carbon pricing, and tenant demand are driving sustainable retrofits across the GTA.

By Amanda FosterRead more
The Suburban Office Renaissance
Office
November 15, 20256 min read

The Suburban Office Renaissance

Mississauga, Markham, and Vaughan are seeing renewed interest from tenants seeking quality space at competitive rates. Hybrid work models are fuelling demand for satellite offices outside the core.

By Sarah ChenRead more
Cold Storage & Last-Mile: The New Industrial Frontier
Industrial
November 5, 20257 min read

Cold Storage & Last-Mile: The New Industrial Frontier

Purpose-built cold storage and last-mile distribution facilities command premium rents as grocery delivery and pharmaceutical logistics reshape the industrial landscape.

By James LiuRead more
Cap Rate Analysis: Where Are We Headed?
Investment
October 25, 20259 min read

Cap Rate Analysis: Where Are We Headed?

With the Bank of Canada holding rates steady, we analyze capitalization rate trends across office, industrial, retail, and multi-family asset classes in the Greater Toronto Area.

By Michael TorresRead more

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