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Research

Victoria Office Market Report Q4 2018

Victoria Office Market Report Q4 2018

Victoria Office Market Report Q4 2018
  • The total downtown inventory increased by 280,000 square feet in the past year but vacancy rates remain compressed, a testament to the high demand and positive market conditions Victoria is experiencing.
  • Victoria’s robust economy will necessitate the construction of additional supply as existing tenants wish to expand and new groups are drawn to the region in the near future
  • Capital Park Phase II will add 131,000 square feet of supply in 2019

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