Canada
Cookies

This website uses cookies to remember site preferences. By using this website you consent to the use of cookies.

Research

Vancouver Office Market Report Q3 2018

Vancouver Office Market Report Q3 2018

Vancouver Office Market Report Q3 2018

Low vacancy is leading to strong pre-leasing from companies looking to secure space early; new supply is approximately 30.5% pre-leased and a further 14.6% is under option.

  • Absorption was positive for the sixth straight quarter, and vacancy rates dropped from 5.4% in Q2 to 5.0% in Q3.
  • Technology demand dropped from in 33.5% in Q2 to 22.4% in Q3, due primarily to pre-leasing deals in upcoming supply.
  • The investment market is still strong in the downtown core, with three major assets sold in Q3; Telus Garden (undisclosed), 800 Burrard ($225M) and 1155 West Pender ($80M).

Download Document

( PDF Document 7.4 MB )

Subscribe to Research

Subscribe by email

Share This Page

For more information, please contact

Close