2018 Mid-Year Office Lease/Vacancy Market Report
BBOT member Avison Young has released its 2018 Mid-Year Office Market Report which provides information on vacancy rates, trends and notable completions in the Metro Vancouver commercial office space market.
In Burnaby, vacancy dropped to 7% at mid-year 2018, down from 13.3% a year earlier, and marking the tightest office market in Burnaby since year-end 2008. As noted in this Burnaby Now story, as Burnaby grows as a desirable, central location for businesses, there will be increasing demand for office and commercial space.
Download a copy of Avison Young’s full 2018 Mid-Year Office Market Report or read it below for more information.