Thompson Okanagan Market Outlook
Thompson Okanagan vacancy rates fall below 4% as the market awaits new inventory. Limited supply has contributed to net rental rates increasing 13.1% since Q3 2018.
- Absorption remains highest within Kelowna's Class A office space.
- Class C inventory in both the Kelowna and Vernon markets experience higher vacancy rates at 7.3% and 10.6% respectively.