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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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