London has Canada’s highest downtown office vacancy rate. Is there a fix?

London has the highest downtown office vacancy rate in Canada, reaching 31.4% in the third quarter, up from 30.6% previously. Calgary follows with a 29.6% rate. Experts suggest that the increase is due to companies adjusting their office needs rather than a specific event. While the national downtown vacancy rate remains steady at 19.7%, there is hope for London as larger cities see increased activity. Efforts are underway to revitalize the downtown area, including a new master plan and support for local businesses.

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