“With 2019 at a close, the downtown Vancouver office market has seen vacancy plunge even further in the fourth quarter, reaching just 1.9%. With lease options in short supply, we are currently experiencing an even shorter supply of large blocks of available space suitable to accommodate sizable tenants,” says Colliers International Senior Vice President, Dan Jordan
Businesses looking to open operations in Vancouver, or expand their existing footprint in the city, have very few options to consider for lease. There are several new towers pre-leasing and under construction to help ease the space crunch, however most of them will not be ready for occupancy until 2022-2024. Except for one. The Offices at Burrard Place is now less than 1 year from completion and represents up to 135,000 SF of AAA office space for lease.
Completing in January 2021, the Offices at Burrard Place is not only the first available large block of newly constructed office space, but also offers an unprecedented amenity package for Downtown Vancouver. The building has large, efficient floor plates, and at the gateway to downtown Vancouver, located on the corner of Burrard and Drake Street, offers one of the highest exposure branding opportunities in the whole city.