Commercial Real Estate Market Outlook

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Metro Vancouver, BC Office Market Report (Mid-Year 2021)

Metro Vancouver, BC Office Market Report (Mid-Year 2021) 10 Aug 2021

While the impacts of the COVID-19 global pandemic continued to reverberate through Metro Vancouver’s economy during the first half of 2021, signs of recovery had already begun taking root in the region’s core and suburban office markets. While the overall office vacancy captured at mid-year 2021 had risen notably year-over-year (basically at the onset of the pandemic), the increase in regional vacancy recorded since yearend 2020 was much more circumscribed and will likely come to represent the full extent of COVID-19’s opening impact on the regional office market.

Read Avison Young's Mid-Year 2021 Metro Vancouver Office Market Report

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