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Vancouver Tech Report

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Key Takeaways
  • Vancouver boasts the lowest vacancy in all of North America, sitting at 5.9% in Q3 2022, significantly lower than Downtown Seattle and Silicon Valley. 
  • Demand from Tech companies is strong and we anticipate it becoming stronger given Vancouver’s fundamentals. 
  • Rental rates and tech salaries are lower in Vancouver than its USA counterparts, making Vancouver an attractive option for tech companies in terms of affordable space and highly skilled workforce.
  • Vancouver continues to receive high level of Venture Capital funding with a record-breaking year in 2021 and continued momentum in 2022. 
  • Leading tech companies like Microsoft and Fortinet already call Vancouver home.