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Victoria Office Market Report Q3 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 remaining at 7.3% from Q2 2021 to Q3 2021.

  • To date, there has been limited sublease space offered to the market, with the current sublease availability totalling 42,115 square feet, representing only 6.4% of the total vacant space available.
  • As vaccinations increase and normalcy returns to the market, investors are back in the market to purchase office assets, with stabilized tenants.



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Victoria Office Market Report Q3 2021

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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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