Leasing activity in Vancouver’s office market improved in 2024 compared to 2023, stoking market sentiment that office demand has bottomed out and is gradually increasing. With still more year-end deal activity likely to be tallied, the current annual total of 3.3 million square feet of office leasing is a 10% increase over the previous year.
CoStar Insight
Vancouver’s office market took a step forward with increased leasing activity in 2024
Despite increase in leasing, space availability will continue to climb until construction cycle comes to a close in late 2025
By Paul Richter
CoStar Analytics
January 14, 2025 | 9:28 P.M.
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IN THIS ARTICLE
- Properties
- M4
110 E 5th Ave, Vancouver, BC
- AbCellera Global HQ
150 4th Ave, Vancouver, BC
- B6
1090 Pender St, Vancouver, BC
- The Hive
2150 Keith Dr, Vancouver, BC