Vacancy rates in downtown offices remained relatively high in Canada's biggest markets in 2023, despite leasing activity slowly recovering from the coronavirus (COVID-19) pandemic. The national vacancy rate stood at 18.3 percent, with Ottawa, Vancouver, and Halifax leading the ranking as the markets with the lowest share of vacant offices. As market fundaments strengthen, the vacancy rate is forecast to slightly rise in 2024.
Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024
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CBRE Group. (February 26, 2024). Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. "Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024." Chart. February 26, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. (2024). Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. "Vacancy Rates in Selected Downtown Office Markets in Canada from 2020 to 2023 with a Forecast for 2024." Statista, Statista Inc., 26 Feb 2024, https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group, Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 Statista, https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/ (last visited December 03, 2024)
Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 [Graph], CBRE Group, February 26, 2024. [Online]. Available: https://www.statista.com/statistics/953815/vacancy-rates-downtown-office-canada/
