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Victoria Office Market Report Q4 2020

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research article

The Greater Victoria office market has remained steady throughout the global pandemic with the average overall vacancy increasing slightly from 5.9% in Q3 2020 to 6.2% in Q4 2020.

  • Victoria's investment in office has seen a 26% increase in the number of transactions. However, they saw a 10% decrease when represented by accumulated dollar volume.
  • Vacancy in class A office space continues to be tight, increasing slightly to a 5.1% vacancy rate in Q4.

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Victoria Office Market Report Q4 2020

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For More Information, Please Contact:

Tyler Dolan

Managing Director, Vancouver Island and Okanagan

Victoria

yler Dolan is the Managing Director, Vancouver Island and Okanagan responsible for the execution of Colliers business strategy in the region. He is also the National Debt Advisory Lead for Canada.

Tyler has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions.

Tyler joined Colliers’ Leadership Team in May 2018 working with advisors and operations staff on the success of their clients’ real estate needs. His priorities include business development, employee engagement, professional development, recruiting, market identity, financial management and performance.

Tyler is an alumnus of Royal Roads University with a Bachelor of Commerce, Camosun College with a Diploma in Business Administration, and UBC Sauder School of Business in Mortgage Brokerage Brokerage and Real Estate Trading Services in British Columbia.

Tyler is a past Board Member of the Downtown Victoria Business Association, Peninsula Minor Hockey Association, the Urban Development Institute, and the Victoria Brain Injury Society.

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