Login

Office construction falls to its lowest level in a decade

Lack of new supply could leave market unbalanced for years
Vancouver led the nation in the construction of new office buildings as a share of existing inventory between 2018 and 2023, followed by Toronto. (CoStar)
Vancouver led the nation in the construction of new office buildings as a share of existing inventory between 2018 and 2023, followed by Toronto. (CoStar)
CoStar Analytics
November 23, 2025 | 10:18 P.M.

Office development which has been declining precipitously since 2022, has reached its lowest level in a decade.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In