Victoria Office Market Report Q2 2019

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research article

Victoria office vacancy decreased significantly from last year as market demand remains steady.

  • Vacancy rates decreased 2.4% from last year with steady demand for office space. The public sector comprised of 31% positive absorption while pre-leasing majority of new class AA office developments.
  • Rents remain stable with suburban class A office not far behind downtown class A rents largely due to lack of available large floor plates and parking. 
  • Tenants search for new high quality office premises as class C office is at the highest vacancy of 12.8%
 

 


Victoria Office

Victoria Office Market Report Q2 2019

Download Report