Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Scotiabank analyst Mario Saric thinks the worst may be over for domestic office REITs,
“Quoted Class A DT asking rent was up 1 per cent quarter-over-quarter to $29.41/sf, incl. 2 per cent in Toronto (new supply reflected). Consistent with our Q3 remarks Q4 supports the notion that the worst may be behind Office (assuming no tariff-driven domestic recession) but transitioning from “no longer getting worse” to “getting better” may take another quarter or so as anecdotal discussion points (i.e., larger tenants revisiting magnitude of space given up) convert to actual data. Shorter-term, we think the data aligns with the view that any imminent Allied occupancy gains will come from Allied success rather than broader market. That said, on the margin, this print could slightly lower odds of AP Q4 occupancy gains (critical unit price…
