Thompson Okanagan Office Market Report Q3 2019

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. 

 


Thompson Okanagan Office Market Report Q3 2019

Pour plus d’informations, veuillez contacter:
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Craig Hennigar

Director, Market Intelligence, Canada

Vancouver

Craig is the Director of Market Intelligence for Canada as well as an associate real estate broker and appraiser with over 25 years of experience in commercial real estate.  His work is focused on providing strategic and transactional assistance to national real estate firms.  With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he coordinates both national research as well as client specific projects and includes work with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects.  Craig has worked with clients in the finance, technology, aerospace, and logistical industries as well as real  estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.

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