Thompson Okanagan Office Market Report Q4 2019

research article

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.


Thompson Okanagan Office Market Report Q4 2019

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Leo Lee

Regional Director - Research Eastern Canada

Toronto West

Leo is the Regional Director of Research for Eastern Canada and oversees the delivery of Colliers research reports and consultancy services. He plays a key role in the senior leadership and operation of the research business in Canada.  

He joined Colliers International in 2008, most recently as the Research Manager in New Zealand. He draws on his professional experience as a commercial appraiser and real estate consultant to provide valuable market insights and strategic advice for clients and professionals across the Colliers service lines.    

He is committed to addressing the needs of clients who are making real estate decisions by providing business intelligence solutions through leveraging the use of data and technology using Colliers’ platforms.

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Jason Wills

Senior Associate


Jason began his real estate career in 2011 as a team leader in the marketing and research department of DTZ Kelowna office, a full service commercial real estate brokerage.  Upon the successful completion of the Real Estate Licensing course for Trading Services, he quickly went about honing his negotiating skills and learning the key essentials of professionally representing both tenant and Landlord in commercial real estate transactions.  Jason has been working exclusively in commercial real estate since and now specializes in the sale and leasing of industrial and retail/office properties throughout the Okanagan. 

Prior to getting into commercial real estate, Jason held positions in both hotel and management providing him with a good foundation and appreciation for the importance of good customer service.  Jason prides himself in providing outstanding service with in-depth market knowledge and always putting the client first..

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