- The downtown office market experienced 213,234 sq. ft. of positive absorption in Q1 2020, bringing the vacancy rate down 70 basis points to 26.5%.

- The positive absorption showcased in Q1 2020 can be largely attributed to two transactions; Teck Resources and Suncor Energy.

- Due to the increasing global disruption from COVID-19 we can expect leasing activity to drastically slow for an indeterminable amount of time.