Greater Vancouver Area Office Market Report Q4 2019

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research article

Vacancy rates continues to tighten with the end of Q4 recording a 2.9% vacancy rate for Metro Vancouver, a 20 basis point decrease from the previous quarter.

  • Vacancy in the Central Business District (CBD) further decreased by 10 basis points from 2.1% to 2.0% while the overall market awaits the arrival of new supply. 
  • The fourth quarter ended with positive absorption at 165,335 square feet, a large proportion stemmed from the suburban markets at 80,949 square feet as vacancy rates continue to drop in the downtown core.

 


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Greater Vancouver Area Office Market Report Q4 2019

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Maury Dubuque

Senior Managing Director

Vancouver

Maury is the Senior Managing Director of the Vancouver Brokerage at Colliers International, Canada’s leading commercial real estate services firm.  Maury has been working in the commercial real estate industry for close to three decades and is a leading authority on the commercial office market in the Greater Vancouver Area. Known for his extensive network and deep industry knowledge, Maury is highly skilled at assembling teams that are aligned with a client’s needs and deliver enduring value.

Maury joined Colliers in 2011 after spending more than 10 years in office and industrial leasing at a leading global real estate services firm. Appointed Managing Director of the Vancouver brokerage in 2013, Maury currently oversees more than 165 brokerage and support staff, a high-performance team that consistently ranks among Colliers’ top producing groups nationally.

Under his leadership, Maury fosters an enterprising culture that encourages collaboration, superior client service and mentorship. Maury was integral in the creation and launch of the Colliers Acceleration Program to train junior advisors in key foundational and technical skills required to build their careers in commercial real estate. After piloting in two Canadian markets in 2015, the program launched across Canada in 2016 and now runs in 30 markets across North America. 

Maury is a member in good standing of NAIOP Commercial Real Estate Development Association – Vancouver Chapter, the Real Estate Board of Greater Vancouver, the Greater Vancouver Board of Trade, the International Council of Shopping Centres and the Marine Drive Golf Club.

Maury holds a Bachelor of Arts in Urban and Economic Geography from Simon Fraser University and a Diploma in Urban Land Economics from the University of British Columbia.

 

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