TikTok has expanded its footprint in downtown Vancouver with a new office lease, the latest deal the company has signed to grow its presence across North America.
The social media giant, owned by Beijing-based ByteDance, recently leased the full 22nd floor of the 32-floor Three Bentall Centre office tower at 595 Burrard St., according to brokerage NAI Commercial’s second-quarter Metro Vancouver Office Market Report.
TikTok has signed a string of leases to grow its portfolio of offices across the United States in recent months, including high-profile deals to double its presence in downtown Bellevue, Washington, east of Seattle,while also dealing with regulatory scrutiny by the Canadian government and the mounting threat of a ban in the United States. TikTok also established a hub in Nashville, Tennessee.
In Vancouver, TikTok moved into 12,600 square feet at Three Bentall Centre, a 466,000-square-foot building owned by Hudson Pacific Properties, a Los Angeles-based real estate investment trust, and Blackstone.
TikTok has previously listed its local address as a coworking space operated by TCC Canada on the 17th floor at 777 Dunsmuir St., also in downtown Vancouver.
TikTok did not immediately respond to a request for comment on its expansion in Canada. The company has job listings posted on its website for machine-learning and software engineers, product managers, data scientists and other occupations in Vancouver.
Downtown Vancouver’s office market is among the most stable in North America, despite a slowdown in leasing since mid-2022 as technology, mining, forestry and other industries have pulled back on expansion plans, according to a CoStar Market Analytics report.
Annual job growth for office-using businesses across greater Vancouver has slowed from 7.5% in 2022 to less than 2% currently, driven by layoffs in the tech sector and other industries.
TikTok also occupies about 10,000 square feet in a two-floor brick office building at 78-96 Mowat Ave. in Toronto.