Metro Vancouver Q3 2018 Office Market Overview

Metro Vancouver Q3 2018 Office Market Overview

Metro Vancouver’s office market witnessed less positive absorption this past quarter, however three (3) >100,000 SF pre-lease deals Downtown by the co-working, financial, & technology sectors showcases the region’s sustained diverse economy.

Overall vacancy rates dropped a full percentage point to 6.2% and despite the large deals recorded Downtown, leasing activity in the Suburbs of Metro Vancouver outweighed activity Downtown by a 2:1 margin.

Meanwhile, an all-time high 21 office buildings are under construction in Metro Vancouver to supply 3.5M SF in the next five years.

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