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The Most Expensive Street for Office Space

Vancouver Office

You want prestige, you're gonna pay for it. That’s the takeaway from JLL’s 2014 ranking of Canada's Most Expensive Streets for Office Space, which lists Burrard Street as the third most costly in the country, at an average of $58.87/SF. (Bay Street in Toronto tops the list, at $68.52/SF, with Calgary’s 8th Avenue SW second, at $59.06/SF.) About 18% of Vancouver’s downtown Class-A office supply is located on Burrard between West Georgia Street and Canada Place, with vacancy in the six buildings there sitting at a measly 1.6%. Burrard continues to command the city’s highest rents despite an impending influx of new supply, which is putting downward pressure on rents throughout the business district.