The Greater Victoria office market has remained steady throughout the global pandemic with the average overall vacancy increasing slightly from 5.9% in Q3 2020 to 6.2% in Q4 2020.
- Victoria's investment in office has seen a 26% increase in the number of transactions. However, they saw a 10% decrease when represented by accumulated dollar volume.
- Vacancy in class A office space continues to be tight, increasing slightly to a 5.1% vacancy rate in Q4.
