Efficient transportation, daycare, key to coaxing workers back to the office

by David Israelson

Despite the upward surge in office vacancy rates, brought on by the pandemic and the resulting employee preference to continue to work from home, the mid-sized 150 Bloor St. W. is 100-per-cent occupied.

What do workers want? Not to come back to the office – at least not this year.

New data from Colliers Canada suggests that office-building owners and white-collar employers should not count on workers rushing back to their cubicles in 2024. The report by Colliers Real Estate Management Services on Canada’s office market shows that vacancies are expected to rise by 1 percentage point this year, peaking at about 15 per cent nationally by mid-2025.

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