News & Insights
The Industry's Top Highlights
2022 Tech-30
Tech-30 explores the tech industry’s impact on office space and ranks the 30 leading tech markets in the U.S. and Canada, as well as 10 up-and-coming tech markets. This year, Vancouver landed in the #1 spot out of 30 markets
Vancouver Office MarketView Q2 2022
Vancouver office vacancy rates experienced its fourth consecutive quarter of downward pressure with suburban markets continue to spearhead this decrease. Sustained demand within these markets could push vacancy rates below the record low of 4.5%, which was last recorded in Q4 2019.
Scoring Tech Talent 2022
The Scoring Tech Talent report is a comprehensive analysis of labour market conditions, costs, and qualities for highly skilled tech workers. The top 50 markets in the U.S. and Canada were ranked according to their competitive advantages and appeal to both employers and tech talent.
Canada Office Figures Q2 2022
Office market steading, with Vancouver and suburban markets leading the recovery.
Vancouver Office MarketView Q1 2022
Vacancy rates for all office product classes throughout Metro Vancouver dropped 10 basis points (bps) quarter-over-quarter to 6.9% in Q1 2022. This is the second consecutive quarterly decline since vacancy peaked at 7.4% in Q3 2021.
Canada Office Figures Q1 2022
Vancouver has seen improved fundamentals over the last two quarters and has developers pushing to keep up with demand as 3.7 million sq. ft. is currently under construction. Although 63.9% of this product has been pre-leased, numerous offers are in play for significant blocks of space which could drive this rate up.
The Great Resignation’s Impact on Office Users
More U.S. workers are leaving their jobs than ever before, and job openings exceed willing workers—a trend dubbed the “Great Resignation” in headlines. What does this mean for office occupiers, and what can they do to attract and retain talent in the current environment?
Vancouver Office MarketView Q4 2021
Vacancy rates for all classes of office product in Metro Vancouver decreased by 40 basis points (bps) to 7.0% in Q4 2021 2021. Even though 543,000 sq. ft. of new office inventory was introduced this quarter, nearly three-quarters were pre-leased prior to construction completion.
Vancouver Office MarketView Q3 2021
Vacancy rates for all classes of office product in Metro Vancouver increased 50 basis points to 7.4% in Q3 2021. Over 600,000 sq. ft. of new office inventory introduced this quarter contributed to the increase of vacancy in the market.