Avison Young SVP Brian Pearson says delivery of new office inventory coupled with malaise in the mining and energy sectors—traditional drivers of downtown office space demand—has brought vacancy to the highest point in almost a decade. It's favourable for tenants, and will continue to be amid an influx of high-quality space over the next 18 months. Brian, a little league baseball coach, tells us he's eagerly anticipating "a bit of lake time" in the Okanagan this summer.
Downtown Vancouver Office Vacancy Skyrockets
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Avison Young
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