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Colliers Predicts Office Vacancy To Increase Through Next Year

But New Study Foresees Lower Vacancy in Canada’s Office Properties Returning in 2025
Canadian office buildings, such as those in downtown Vancouver, will likely face challenging conditions through next year before a recovery takes hold, according to a recent report by Colliers. Justin Eckersall/CoStar
Canadian office buildings, such as those in downtown Vancouver, will likely face challenging conditions through next year before a recovery takes hold, according to a recent report by Colliers. Justin Eckersall/CoStar
CoStar News
August 15, 2023 | 8:20 P.M.

A number of work stations will continue to go unused in Canadian office buildings over the next year, according to a new report by Colliers Real Estate Management Services that foresees the national office vacancy rate increasely slightly through the end of 2024.

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