Introduction to Canada Office Real Estate Market
According to Mordor Intelligence, the canada office real estate market size is estimated at USD 28.29 billion in 2025, and is expected to reach USD 33.84 billion by 2030, at a CAGR of 3.65% during the forecast period (2025-2030). The market is showing signs of renewed momentum, supported by evolving workplace strategies and shifting investor preferences. A key highlight is the rapid expansion of flexible office formats, with demand for co-working and hybrid spaces accelerating across major cities.
Key Trends in the Canada Office Real Estate Market
Shift toward Flexible and Hybrid Workspaces
One of the dominant trends shaping the Canada Office Real Estate Market is the rapid expansion of flexible office formats. Driven by hybrid work models, enterprises large and small are integrating co-working, shared services, and flexible lease terms into their real estate strategies.
Flight to Quality – Demand for Class A, Sustainable Offices
Tenants are favoring well-located, modern, and energy-efficient buildings over older, less efficient stock. Office buildings with advanced amenities, enhanced sustainability credentials, and proximity to transit are capturing higher demand.
Underperformance and Repurposing of Legacy Stock
Some of these assets are being considered for conversion to other uses such as residential, data centers, or mixed-use developments, reflecting the necessity to optimize underutilized space in Canada’s office portfolio.
Investor Caution and Capital Recycling
While capital is flowing back to office assets, investors are more selective. There is a tendency to recycle capital from non-core or underperforming properties into core, high-quality office stock.
Market Segmentation of the Canada Office Real Estate
By Building Grade
Grade A
Grade B
Grade C
By Transaction Type
Rental
Sales
By End Use
Information Technology (IT & ITES)
BFSI (Banking, Financial Services and Insurance)
Business Consulting & Professional Services
Other Services (Retail, Lifescience, Energy, Legal)
By Province
Ontario
Quebec
British Columbia
Alberta
Rest of Canada
Key Players in Canada Office Real Estate Market
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Brookfield Asset Management – A leading global alternative asset manager with significant investments in office real estate across Canada’s major urban centers.
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Oxford Properties Group – The real estate arm of OMERS, managing and developing high-quality office properties in Canada and internationally.
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Ivanhoé Cambridge – A real estate subsidiary of CDPQ, focused on investment, development, and management of office and mixed-use assets.
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Cadillac Fairview – A major Canadian real estate company owning and operating landmark office towers in key business districts.
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Allied Properties Real Estate Investment Trust – A REIT specializing in urban office environments, particularly targeting workspace for knowledge-based organizations.
Conclusion
The Canada Office Real Estate industry is entering a period of rebalancing. While flexible workspace and prime office stock are poised for growth, lower-quality, outdated buildings face increasing pressure.
With Canada Office Real Estate Market statistics pointing to continued segmentation and selective investment, success will favor stakeholders who understand local geographies
For complete market analysis, please visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/canada-america-office-real-estate-market?utm_source=abnewswire
Industry Related Reports:
APAC Office Real Estate Market
The Asia Pacific Office Real Estate Market is projected to grow at a CAGR of over 10% during the forecast period, reflecting strong demand for premium office spaces and the rapid expansion of flexible work environments. Key drivers include increasing corporate investments in major cities and rising adoption of smart, energy-efficient office buildings across the region.
Get more insights: https://www.mordorintelligence.com/industry-reports/asia-pacific-office-real-estate-market?utm_source=abnewswire
Global Office Real Estate Market
The Office Real Estate Market is projected to grow from USD 1.64 trillion in 2025 to USD 2.05 trillion by 2030, at a CAGR of 4.53%. Growth is driven by increasing demand for Grade A office spaces in urban hubs and rising adoption of flexible
Get more insights: https://www.mordorintelligence.com/industry-reports/office-real-estate-market?utm_source=abnewswire
United Kingdom Office Real Estate Market
The United Kingdom Office Real Estate Market is projected to grow from USD 69.05 billion in 2025 to USD 80.65 billion by 2030, at a CAGR of 3.15%. Key drivers include increasing demand for flexible office spaces, especially in London and other major cities, and a growing focus on sustainable, energy-efficient office buildings to meet evolving corporate and ESG requirements.
Get more insights: https://www.mordorintelligence.com/industry-reports/united-kingdom-office-real-estate-market?utm_source=abnewswire
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