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Research

Vancouver Office Market Report Q2 2019

Vancouver Office Market Report Q2 2019

Vancouver Office Market Report Q2 2019

Metro Vancouver’s office vacancy rates continue to tighten while awaiting the arrival of new supply.

  • The suburban markets accounted for 92% of activity while the Downtown and Midtown submarkets accounted for 10% of positive absorption and 2% of negative absorption respectively.
  • Downtown Vancouver is expected to continue to experience low vacancies for the duration of 2019.
  • The total office area under construction is 2.8 million square feet in the downtown market, with approximately 420,000 square feet expected to complete in 2020.

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