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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

As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and 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. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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