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Office Vacancy Continues To Creep Up In Major Markets, Hits 5-Year High In Vancouver
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Office Vacancy Continues To Creep Up In Major Markets, Hits 5-Year High In Vancouver The Colliers report found that office vacancy rates in the two largest markets in Canada, Greater Vancouver Area (GVA) and Toronto, had inched up in the second quarter of the year. GVA's office vacancy remains the lowest in major markets across Canada, with BC being the only province with cities inc...

'Worst is over' for Vancouver office market: Colliers
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'Worst is over' for Vancouver office market: Colliers Despite a wave of office completions, Colliers estimates Vancouver’s office market vacancy rate at 7.4% and rising, while Victoria is sitting at 6.3%. Sublease space is higher than other markets in the country, with 30% of available space being offered on sublease basis. There is very little new c...