Cbre Office Market Report Vancouver

Downtown vacancy grew for the first time in years now at 3 3 largely attributed to sublease supply soaring as firms look to reduce costs.

Cbre office market report vancouver. From investment properties to corporate services and property management we have earned a reputation as a respected leader in the local business community through our ability to track trends and build relationships. Cbre s portland oregon office has been serving clients since 1972 becoming a dominant player in the portland commercial real estate market. Industrial rent observed strong upward growth 3 y o y across all regions. Cbre vancouver s national investment team says subleasing activity has increased the office vacancy rate from the severe shortage conditions of 2 2 just before the pandemic to a still low rate of 4 with subleasing activity increasing from 37 listings at the end of 2019 to 90 this week about 500 000 sq.

Home to a vibrant tech scene a major logistics hub and a bustling film tv industry vancouver s commercial real estate market is a global leader in everything from dynamic office spaces to cutting edge industrial property. Metro vancouver experienced a substantial increase in overall office vacancy to 4 6 70 basis point bps more than in q1 2020. Join us as we dive into cbre s 2020 office outlook for 2020 hosted by ben martin henry head of capital markets office and btr research flint davidson head of capital markets office and mark curtain regional director of office leasing for the pacific. Vancouver office marketview q1 2020.

Vancouver real estate market reports. Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s. Vancouver office marketview q2 2020. Of space in total.

Cbre research prepares local vancouver marketviews on the office industrial and the retail sectors. Market conditions in metro vancouver remained tight on the heels of a record low average vacancy in q4 2019 with a marginal 10 basis points. Thanks for your interest in the high tech facilities group and cbre commercial real estate market. The office market in downtown vancouver is so strong fundamentally it is likely to pick up almost exactly where it left off as the british columbia economy emerges from the covid 19 pandemic says a report this week from cbre.

Vancouver industrial marketview q1 2020. Vancouver retail marketview h1. Cbre is proud to serve vancouver as canada s leading commercial real estate services firm. Suburban markets registered a.

Vancouver real estate market reports. Vancouver office marketview q1 2020. More from the experts.