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Research

Vancouver Office Market Report Q1 2019

Vancouver Office Market Report Q1 2019

Vancouver Office Market Report Q1 2019
The Metro Vancouver office market continues to see downward pressure on vacancy rates while we await the completion of new supply. 
  • Since the 2015 build cycle, the overall Metro Vancouver vacancy rate has dropped from 10.4% in Q4 2015 to 3.8% in Q1 2019. 
  • Total absorption in Metro Vancouver between Q4 2015 and Q1 2019 was over 4.5 million square feet. 
  • The downtown core accounts for 38.8% of that absorption at 1.78 million square feet.

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