Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.

Werner Dietl will succeed Mark Renzoni, as president and CEO of CBRE Canada effective Jan. 1, 2019. Renzoni, will step down at the end of the year after 30 years with the commercial real estate company.

Toronto is North America’s fastest growing tech market, outpacing New York and San Francisco combined.

CBRE Limited announced the integration of its three Greater Toronto Area (GTA) brokerage offices and the appointment a new management team.