Toronto is North America’s fastest growing technology market, according to CBRE’s fifth annual Scoring Tech Talent Report. Toronto moved up six spots and scored the sixth out of 50 cities. The work that is done at the University of Toronto and the Vector Institute is attracting more and more interest in Toronto, as the city is becoming known as a world leader in artificial intelligence.
More and more tech companies are following the example of Google and moving closer to the Downtown core creating more demand in this area. This tech growth has been a major contributor to downtown Toronto’s office vacancy rate dropping to a record low of 3.8 per cent during the second quarter of 2017. The demand for office space from the tech sector has doubled during the past five years.
Taken from RENX.ca