TSX:REI.UN - Post by User
Post by
materialsgirlon Jan 11, 2023 1:38pm
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Post# 35216296
Subletting underway
Subletting underway Shopify Inc. SHOP-T put its massive office space in downtown Toronto on the sublet market on Tuesday, flooding the country’s largest business hub with even more unused space.
The e-commerce company’s lease is for 348,103 square feet, spanning seven floors of a newly built office, residential and retail complex, according to documents marketing the new space.
Ottawa-based Shopify had been expected to be the major tenant in The Well complex owned by real estate investment trusts Allied Properties and RioCan. But late last year, Shopify disclosed that it would no longer make the move to the new location.