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Victoria Office Market Report Q2 2021

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research article

The Greater Victoria office market continued its stable performance relative to other Canadian markets throughout the pandemic with overall vacancy increasing from 6.1% in Q1 2021 to 7.3% in Q2 2021.

  • Class A space has continued to be a bright spot in the office environment, accounting for only 11% of the overall office vacancy.
  • To date, there has been limited sublease space offered to the market, with the current sublease availability totaling 45,407 square feet, representing only 7.0% of the total vacant space available.

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Victoria Office Market Report Q2 2021

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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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