Office sector in Vancouver is set to rebound

Vancouver has a very low office vacancy rate of 6.2 percent which makes it the lowest of all the major North American cities and demand has never been stronger according to a new report.

A broker with Colliers in Vancouver told the real estate publication Storeys that as of the summer of 2021 office real estate levels have been at pre-pandemic levels.

This could be due to more Canadians moving to B.C. as well as big-name tech businesses like Microsoft and Amazon also launching large offices in the city.

Source: Storeys 

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