The Greater Victoria office market has remained steady throughout the global pandemic with the average overall vacancy decreasing slightly from 6.2% in Q4 2020 to 6.1% in Q1 2021.
- Victoria's stability can be accredited to the long-term reliability of the public and private sector in both the downtown core and suburban marketplace.
- The demand for high-quality office space continues to increase as there is more than 274,000 SF currently under construction.