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Vancouver Office Market Report Q3 2019

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research article

Vacancy rates have decreased for the 13th consecutive quarter to 3.1% resulting in a 50 basis point drop since the second quarter of 2019

Vacancy rates have decreased for the 13th consecutive quarter to 3.1% resulting in a 50 basis point drop since the second quarter of 2019 demonstrating further tightening in the Metro Vancouver office market.

  • Vacancy in the Central Business District (CBD) decreased 40 basis points from 2.5% to 2.1% while the overall market awaits the arrival of new supply.
  • The third quarter ended with positive absorption at 333,991 square feet, most of which originated from the suburban markets at 194,394 square feet while Downtown core absorbed 128,865 square feet.

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Vancouver Office Market Report Q3 2019

Download Report