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Vancouver’s Single Digit Office Vacancy Appears To Be on the Way Out

Even as Vacancy Expands, Vancouver Avoids the Levels of Empty Space Seen in Other Major North American Office Markets

Downtown's West Georgia St., looking west toward Stanley Park (Justin Eckersall/CoStar)
Downtown's West Georgia St., looking west toward Stanley Park (Justin Eckersall/CoStar)

The top end of the Vancouver region's office market, the four- and five-star-rated properties, has continued to see single-digit average vacancy despite the massive amount of new space added since the opening quarter of 2022.

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