Thompson Okanagan Office Market Report Q4 2019

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Availability within the Thompson Okanagan market remains scarce as vacancy stays below 4%.

  • Weighted average net rental rates in both Vernon and Kelowna decrease from Q3 to Q4.
  • Thompson Okanagan awaits an influx of 262,639 SF of office inventory currently under construction.
  • Kelowna's growing tech sector is playing a pivotal role in keeping demand high for quality office space.

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Thompson Okanagan Office Market Report Q4 2019

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For More Information, Please Contact:

Jeff Brown

Vice President, Broker

Ottawa

In Jeff’s almost 25 years at Colliers he has devoted himself to providing “best in class” comprehensive real estate services to his clients and as a result has been successful in negotiating in excess of 300 lease transactions totaling over two million square feet. Jeff’s extensive experience led him to understand that people and relationships are main factors in a real estate transaction. To that end, Jeff understands that his true “value-add” is the insight from being active in the market, possessing the in-house market intelligence to identify market dynamics and trends that can impact his client’s real estate decisions, and maintaining the strong positive relationships with landlord community and familiarity with the key decision makers, their approval processes and sensitivities. 

Jeff is a commercial leasing agent that is focused on Tenant Representative Assignments. Jeff takes a proactive approach and utilizes his knowledge and resources to help his client’s achieve their real estate objectives and commits to being their advocate throughout their real estate life cycle. Jeff’s key competency is providing professional, unbiased commercial real estate advice for the users of real estate to allow them to make informed real estate decisions, negotiate better deals, and obtain the best value for their rental dollars.

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