Passer au contenu principal Passer au pied de page

Vancouver Office Market Report Q3 2022

Télécharger le rapport
research article

The Greater Vancouver Area office market continued to see net positive uptake of space and limited new supply in Q3, which restrained the growth in net absorption. The office vacancy rate remained relatively stable increasing to 5.9% from 5.8% last quarter, while the weighted average asking net rent increased by 2.2% quarter-over-quarter to $34.04 per square foot.

  • Continued growth in occupancy coupled with no new supply added this quarter resulted in the vacancy rate in the Downtown area decreasing for the first time since Q4 2021, declining 30 basis points QoQ to 7.0%.
  • The lack of new supply is one of the factors affecting vacancy across the board. There were only 105,063 square feet of new supply added across the Suburban and Midtown markets this quarter. 6.9 million square feet of new developments are under construction across the GVA.
  • The technology sector remains the most active industry in the GVA office leasing market, while the healthcare and professional services sectors saw a rapid increase in the amount of space being sought.

Vancouver Office Market Report Q3 2022

Télécharger le rapport