The Ontario commercial real estate leasing market is facing significant challenges, particularly in the office sector, which has high vacancy rates and low utilization. Tenants and landlords must reassess risk in lease negotiations, especially regarding additional rent and landlord rights. The industrial sector is experiencing low vacancy rates and rising rents, while retail remains stable but may face future vacancies due to online sales. Both parties should negotiate lease terms carefully, ensuring transparency and addressing potential future changes in the market.
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