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CoStar Insight

Without New-Build Demand, Downtown Vancouver’s Office Market Would Have Been Stagnant

Clearer Readings To Come With Construction Completions
Looking southeast along West Georgia Street through the downtown core of Vancouver. (Justin Eckersall/CoStar)
Looking southeast along West Georgia Street through the downtown core of Vancouver. (Justin Eckersall/CoStar)
CoStar Analytics
March 13, 2024 | 7:11 P.M.

The metro Vancouver office market was one of the top North American performers in terms of net absorption in 2023. Vancouver's office net absorption reached 1.25 million square feet, second only to Houston.

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