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Victoria Office Market Report Q1 2023

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research article

Victoria’s office market experienced steady leasing activity in the new year, although demand remained largely industry specific. Professional service users like accountants, lawyers, medical users, and engineers were some of the main drivers of demand this quarter. Meanwhile, technology companies have continued to return space, resulting in an increase in sublease vacancy.

  • Although investment activity remained slow, demand for owner-occupier strata units picked up. These units were mainly sold to medical users, and averaged $574.81 per square foot, an impressive 27.0% increase year-over-year.


Victoria Office Market Report Q1 2023

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

Tyler Dolan

Managing Director | Vancouver Island


As Managing Director, Tyler is responsible for execution of Colliers business strategy on Vancouver Island.  Tyler has and has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions. In May 2018, Tyler assumed the role of Managing Director for the Colliers Vancouver Island office.

Tyler's priorities include business development, employee engagement, professional development, recruiting, financial management and performance, market identity and public relations. Tyler also takes an active role to ensure that all services offered by Colliers are offered to our clients.

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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. 

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