Increasing Sublet Space and Weak Leasing Volume Cause Concern for Metro Vancouver’s Office Market

As Metro Vancouver makes strides toward economic recovery, the office sector is still trying to find its new equilibrium with the growing acceptance of the work-from-home model and with many firms rethinking the amount of space they actually need. With leasing volume slowing and market rents and prices holding steady, it will only be a matter of time before the office sector adapts to changing market dynamics.