Metro Vancouver Q2 2019 Office Market Overview Released
Last quarter’s recorded strong office investments by dollar volume in Metro Vancouver coupled with the city currently having one of the lowest office vacancy rates in North America have fueled serious developer confidence as the number of new office buildings under construction has skyrocketed.
During the second quarter of 2019 Quarter Metro Vancouver added a whopping 12 new office buildings under construction of approximately 1.7 Million square feet for a total of 35 buildings now being built totaling approximately 5.4 Million square feet.
As provincial and federal financial & political policies related to real estate remain largely unchanged in the last 90 days, ongoing global uncertainty beyond B.C.’s borders is helping to create a shine on our region’s attractiveness as a safe, multicultural, global technology place to do business in.
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