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Victoria Office Market Report Q3 2020

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research article

The Greater Victoria office market is performing steadily throughout the Covid-19 pandemic. With shocks to office markets globally, Victoria has seen a marginal increase in office vacancy of 2 bps.

  • Greater Victoria office investment for the first 9 months of 2020 compared to this same period in 2019 is down 35% by total transaction volume. Transaction volume per dollar sold in 2020 is down 70% compared to the first 3 quarters of 2019.
  • The vacancy for Class A buildings is at a healthy 4.18% with no shifts in absorptions.
  • Class B+ at 4% with positive absorption for the quarter of 6.5K SF.

Victoria Office Market Report Q3 2020

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Pour plus d’informations, veuillez contacter:
Tyler Dolan | Colliers | Victoria

Tyler Dolan

Managing Director | Vancouver Island

Victoria

+1 250 414 8388
Courriel

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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