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Despite 15% vacancy rate, things looking up for Victoria office space
CBRE said positive net absorption and strong suburban demand are offsetting downtown weakness as tenants gain leverage in a highly competitive market.
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3 Articles
Peninsula News Review+2 Reposted by 2 other sources
Despite 15% vacancy rate, things looking up for Victoria office space
For the first time since before the pandemic, the picture is looking brighter for Victoria’s office complexes. Victoria is among the seven in 11 Canadian markets to report a positive net absorption in office space, according to CBRE’s second-quarter 2026 Canada Office Figures. The Canadian office market has officially experienced one full year of recovery, with office leasing momentum remaining positive for a fourth consecutive quarter. “One yea…
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Total News Sources3
Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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