Vancouver Office MarketView Q3 2020
Market Highlights Metro Vancouver office vacancy increased for the second successive quarter to 5.4% Downtown vacancy rose by 130 basis points (bps) compared to Q2 2020 (now 4.6%) Vacancy in suburban market settled at 6.3%, 30 bps over Q2 2020 Metro Vancouver remained...
Vancouver Office MarketView Q2 2020
Market Highlights Metro Vancouver experienced a substantial increase in overall office vacancy to 4.6%, 70 basis point (bps) more than in Q1 2020. Downtown vacancy grew for the first time in years, now at 3.3%, largely attributed to sublease supply soaring as firms...
Vancouver Office MarketView Q1 2020
Market Highlights Market conditions in Metro Vancouver remained tight on the heels of a record low average vacancy in Q4 2019, with a marginal 10 basis points (bps) increase to 3.9% in Q1 2020. Downtown vacancy contracted by 10 bps quarter over quarter settling at...
Vancouver Office MarketView Q4 2019
Market Highlights The Metro Vancouver office market finished 2019 with a record low vacancy rate of 3.7%, a 10 basis point (bps) decrease quarter-over-quarter and 190 bps year-over-year. Vacancy in the Downtown core fell 10 bps from Q3 2019, a bellwether of continued...