by Vicky Xing | Mar 4, 2024 | HTFG Insights, Tech Space Quarterly
Market Highlights Following a period of significant development, the office pipeline is lightening, with some suburban projects on hold until economic uncertainty clears. Class B net absorption has been negatively impacted downtown due to the transition out of older...
by Vicky Xing | Nov 21, 2023 | HTFG Insights, Tech Space Quarterly
Market Highlights Metro Vancouver’s vacancy rate increased for the fifth consecutive quarter, growing 60 basis points (bps) to 9.6% and presently stands 180 bps above the 10-year historical average of 7.7%. Downtown overall vacancy increased 30 bps to 11.8%, driven by...
by Vicky Xing | Aug 28, 2023 | HTFG Insights, Tech Space Quarterly
Market Highlights Metro 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 Highlights Metro 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...