News & Insights
Techspace Quarterly
Curious about what’s been happening in Vancouver tech? Who’s making moves and what topics are trending? We bring you the industry’s top highlights every quarter so you can stay in the loop! Check out our most recent newsletter here. Join our mail list to get the latest industry stats, market trends, and insights about Vancouver’s technology community.
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Techspace Quarterly
Curious about what’s been happening in Vancouver tech? Who’s making moves and what topics are trending? We bring you the industry’s top highlights every quarter so you can stay in the loop! Check out our most recent newsletter here. Join our mail list to get the latest industry stats, market trends, and insights about Vancouver’s technology community.
Vancouver Office Figures Q3 2023
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...
Tech-30 2023
Tech-30 2023Tech industry job growth has slowed but not stopped. It remains well above the national average and fewer layoffs may be a precursor to renewed growth. The tech industry’s near-term rebound should bolster Tech-30 office markets. The long-term growth...
Vancouver Office MarketView Q4 2022
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...
Vancouver Office MarketView Q3 2022
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...
2022 Tech-30
2022 Tech-30Tech-30 explores the tech industry’s impact on office space and ranks the 30 leading tech markets in the U.S. and Canada, as well as 10 up-and-coming tech markets. This year, Vancouver landed in the #1 spot out of 30 markets Tech industry job growth...
Vancouver Office MarketView Q2 2022
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%,...
Scoring Tech Talent 2022
Scoring Tech Talent 2022The Scoring Tech Talent report is a comprehensive analysis of labour market conditions, costs, and qualities for highly skilled tech workers. The top 50 markets in the U.S. and Canada were ranked according to their competitive advantages and...
Canada Office Figures Q2 2022
Canada Office Figures Q2 2022 Office market steading, with Vancouver and suburban markets leading the recovery. Office market conditions are steadying following a challenging first quarter. With omicron concerns now largely abated, Vancouver and suburban markets are...
Vancouver Office MarketView Q1 2022
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...
Canada Office Figures Q1 2022
Canada Office Figures Q1 2022VANCOUVER:Vancouver has seen improved fundamentals over the last two quarters and has developers pushing to keep up with demand as 3.7 million sq. ft. is currently under construction. Although 63.9% of this product has been pre-leased,...
Global Tech Talent Guidebook 2024
2024 Global Tech Talent GuidebookThe Global Tech Talent Guidebook is a comprehensive analysis of labour supply, cost and quality that will help decision-makers meet critical business and innovation objectives, including corporate location and hiring strategy. The...
Vancouver Office Figures Q2 2023
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...
Vancouver Office Figures Q1 2023
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...
Vancouver Office MarketView Q4 2021
Market HighlightsVacancy rates for all classes of office product in Metro Vancouver decreased by 40 basis points (bps) to 7.0% in Q4 2021 2021. Even though 543,000 sq. ft. of new office inventory was introduced this quarter, nearly three-quarters were pre-leased prior...
Vancouver Office MarketView Q3 2021
Market Highlights Vacancy rates for all classes of office product in Metro Vancouver increased 50 basis points to 7.4% in Q3 2021. Over 600,000 sq. ft. of new office inventory introduced this quarter contributed to the increase of vacancy in the market. Suburban...
Vancouver Office MarketView Q2 2021
Market Highlights Vacancy rates for all classes of office product in Metro Vancouver increased 60 basis points (bps) to 6.9% in Q2 2021. New office inventory introduced to the market this quarter contributed to the increase in vacancy in the downtown core. In...
Vancouver Office MarketView Q1 2021
Market HighlightsThe vacancy rate for all classes of office product in Metro Vancouver inched up 10 basis points (bps) from Q4 2020 and now sits at 6.3%. Nearly half of all this vacant product is located within the Downtown market.Compared to Vancouver’s Downtown...
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...
Vancouver Office Figures Q1 2023
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...
Tech-30 2023
Tech-30 2023Tech industry job growth has slowed but not stopped. It remains well above the national average and fewer layoffs may be a precursor to renewed growth. The tech industry’s near-term rebound should bolster Tech-30 office markets. The long-term growth...
The Great Resignation’s Impact on Office Users
The Great Resignation’s Impact on Office UsersMore U.S. workers are leaving their jobs than ever before, and job openings exceed willing workers—a trend dubbed the “Great Resignation” in headlines. What does this mean for office occupiers, and what can they do to...
2021 Tech-30
2021 Tech-30 Vancouver landed in the #3 spot out of 30 markets in our newly released 2021 Tech-30 report. The report measures the tech industry’s impact on North America’s job and office markets. The tech industry has continuously made a positive impact on our job and...
Scoring Tech Talent 2021
Scoring Tech Talent 2021 The Scoring Tech Talent report is a comprehensive analysis of labour market conditions, costs, and qualities for highly skilled tech workers. The top 50 markets in the U.S. and Canada were ranked according to their competitive advantages and...
Top 10 Predictions for the Future of Workplaces
How the future of work looksThe pandemic has significantly altered how and where business is carried out. As COVID-19 restrictions begin to relax, our research team highlights 10 predictions for the future of workplaces!1. Remote work is here to stay. Due to the...
Downtown office boom fueling residential demand?
Our very own teammate, Andre Alie Day, was recently featured in an urbanYVR interview with Shawn Brown, a Vancouver residential broker at West Haven Group. The two discussed downtown Vancouver's current office tower boom and how it could affect residential real estate...
Health Innovation Campus Planned at Vancouver’s New St. Paul’s Hospital
There is no question that the pandemic has underscored the importance of life sciences and revealed existing gaps in our health care system. Canada has lagged in supplying commercial real estate to nurture this essential, fast-growing industry. More space is needed to...
2020 Tech-30
Vancouver snagged the #1 spot for the second consecutive year in our newly released 2020 Tech-30, a report that measures the tech industry's impact on North America's job and office markets. The tech industry has continuously made a positive impact on our job and...
CBRE’s Reopening Playbook
Are you working on your office reopening strategy? CBRE Vancouver was the first North American office to reopen and we are proud to share our CBRE Reopening Playbook to provide assistance and help set the standard for our current workplace reality. To strategize our...
Scoring Tech Talent 2023
Scoring Tech Talent 2023Scoring Tech Talent is a comprehensive report showcasing a detailed analysis of the top 50 Tech Markets in North America. This includes labour market conditions, cost and quality for highly skilled tech workers and more.Notable HighlightsThis...