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Research

Spark Report

Is Vancouver's Office Rent Cheap?

Is Vancouver's Office Rent Cheap?
Although Vancouver’s office rents have been climbing, when compared to the boom period of the late 1970s and early 1980s the current rates are still well below that past peak when adjustments for inflation are made.

The decreasing size of workspaces in office settings over the past few decades has also contributed to savings for occupiers with the cost of housing employees staying fairly consistent over the past 10 years, and much less expansive during the 1970s to 1980s boom.

The current market looks to offer good value for employers when the cost of real estate is contrasted to the value of the employees that work at these downtown locations.

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