
VANCOUVER
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Last Updated: January 2020
Key Market Statistics
Downtown Vancouver - All Office Classes




Major Developments
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Major Transactions:
- Amazon new tenant of 669,304 SF at 349 West Georgia Street, Vancouver
- PI Financial Corporation new tenant of 45,000 SF at 733 Seymour Street, Vancouver
- Stantec renewal of 54,000 SF at 111 Dunsmuir Street, Vancouver
- Dale Matheson Carr-Hilton Labonte LLP renewal of 39,243 SF at 1140 W Pender Street, Vancouver
Downtown Vancouver Vacancy Rates - All Office Classes

Source: Altus Insite
Metro Vancouver Market Statistics - A Class

Source: Altus Insite & Devencore Research
Market Commentary:
“Downtown Vancouver has seen net rent increase by over $5 per rentable square foot during the last 2 quarters, as the vacancy rate continues to diminish, currently standing at sub 2%. Although there are several redevelopment projects in the works, they are either almost entirely slated for completion well after 2020, already preleased, or both. As a result, we anticipate an even more tenant challenged market over the next 24 months.”
Jon T. Bishop
President, Western Region