by Vicky Xing | Aug 28, 2023 | HTFG Insights, Tech Space Quarterly
Market HighlightsMetro Vancouver’s vacancy rate increased for the third quarter in a row, growing 70 basis points (bps) to 9.0% and presently stands 120 bps above the 10-year historical average of 7.8%.Total sublease vacancy was recorded at 1.3 million sq. ft., a...
by Vicky Xing | May 23, 2023 | HTFG Insights, Tech Space Quarterly
Market HighlightsMetro Vancouver’s vacancy rate increased for the third quarter in a row, growing 60 basis points (bps) to 8.4%, and presently stands 60 bps above the 10-year historical average of 7.8%. Following a quarter of negative net absorption coupled with the...
by Vicky Xing | Mar 6, 2023 | HTFG Insights, Tech Space Quarterly
Market Highlights Metro Vancouver’s vacancy rate increased for the second quarter in a row, growing 120 basis points (bps) quarter-over-quarter to 7.8%. Occupiers, particularly in the downtown core, increased sublease listing activity in assessing their need for...
by Vicky Xing | Nov 25, 2022 | HTFG Insights, Tech Space Quarterly
Market HighlightsFor the first time in four quarters Metro Vancouver’s office vacancy rate experienced an increase, growing 30 basis points (bps) quarter-over-quarter to 6.6%. Suburban markets continue to drive change, though through Q3 2022, new to market subleases...
by Vicky Xing | Aug 23, 2022 | HTFG Insights, Tech Space Quarterly
Market HighlightsVancouver office vacancy rates experienced its fourth consecutive quarter of downward pressure with suburban markets continue to spearhead this decrease. Sustained demand within these markets could push vacancy rates below the record low of 4.5%,...
by Vicky Xing | Jun 7, 2022 | HTFG Insights, Tech Space Quarterly
Market HighlightsVacancy rates for all office product classes throughout Metro Vancouver dropped 10 basis points (bps) quarter-over-quarter to 6.9% in Q1 2022. This is the second consecutive quarterly decline since vacancy peaked at 7.4% in Q3 2021.Following...