Passer au contenu principal Passer au pied de page

Vancouver Office Market Report Q2 2023

Télécharger le rapport
research article

The Greater Vancouver Area office market saw 147,738 square feet of negative absorption in Q2 2023, primarily coming from the Downtown market but somewhat counterbalanced by positive absorption in the Suburban market.

  • As a result of the increase in vacant space in both the Downtown and Midtown markets, the overall GVA office vacancy rate continues to rise, hitting a 5-year high of 7.4%.
  • Despite that, the GVA vacancy rate remains the lowest in major markets across Canada. Meanwhile, sublease space has grown to represent 30% of total vacant square feet in the GVA, becoming the highest sublease ratio in the country, a clear indication of a rapid shift in tenant requirements in the GVA office market.

Vancouver Office Market Report Q2 2023

Télécharger le rapport
Pour plus d’informations, veuillez contacter:

Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

Voir l'expert

Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto Downtown

Voir l'expert