Vancouver Office MarketView Q4 2020
Market Highlights Metro Vancouver office vacancy increased for the third consecutive quarter to 6.2%, up 280 basis points (bps) from the 2019 year-end total Downtown vacancy rose by 120 bps in comparison to Q3 2020 (now 5.8%), returning to levels last seen in Q2 2017...
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...