Demand has driven availability rates down to
7.4%, resulting in the Midtown market being
one of the tightest in the GTA. Asking net
rents increased by 11.8% during the last twelve
months and now stand at $16.70 per sq. ft.

With no substantial change in the supply of
offi ce space anticipated for the next two years,
the availability of space in this submarket will
continue to decline through 2008, along with
a related upward pressure on rents.