The sale of two office properties at 401 West Georgia and 402 Dunsmuir Street is one of only a few downtown office property transactions recorded since the pandemic's start. It is the only transaction since the Bank of Canada launched its assault on inflation in early 2022, bringing market deal flow coming to a standstill.
CoStar Insight
Recent Downtown Vancouver Office Sale Suggests a Significant Decline in Market Value
Office Valuations Return to 2018 Levels, but Limited Number of Recent Sales Leaves Murky Picture of Market Values
By Paul Richter
CoStar Analytics
June 4, 2024 | 3:49 P.M.
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IN THIS ARTICLE
- Properties
- Arthur Erickson Place
1075 Georgia St, Vancouver, BC
- TELUS Garden
510 Georgia St, Vancouver, BC
- 800 Burrard
800 Burrard St, Vancouver, BC