The Globe and Mail reports in its Friday edition that Dream Office REIT chief executive officer Michael Cooper says downtown Toronto's buildings are hurting. The Globe's Rachelle Younglai writes that Mr. Cooper says the past few years have been challenging for landlords as tenants reduced their office footprint to deal with the shift to remote work. Mr. Cooper says, "Probably 30 per cent of the space in downtown Toronto requires a ton of money, a lot of investment and it's questionable if you put the investment in that the building will be worth enough to justify it." When demand was much higher in 2019, tenants were happy to take space in any building just to have a presence in the country's financial capital. However, now that nearly 20 per cent of downtown Toronto's office space is available to lease, prospective tenants have a lot of choice. They are being courted with a buffet of incentives such as a few months of free rent and extra cash to refurbish their space. Mr. Cooper says, "It's tough to get a deal done." Dream Office owns and operates 17 office buildings in downtown Toronto as well as office buildings outside of the city's financial district and in Alberta and Saskatchewan.