Office Market
| Area | Sub-Area | Class | Vacancy Rate | Net Rent | Gross Rent |
|---|---|---|---|---|---|
| Downtown Vancouver | Downtown Core | AAA | 0.6% | $42.17 | $63.88 |
| A | 0.8% | $42.70 | $66.24 | ||
| B | 2.1% | $33.12 | $54.57 | ||
| C | 5.1% | $29.45 | $47.61 | ||
| All | 1.9% | $34.50 | $54.75 | ||
| Gastown/Railtown | A | 0.0% | – | – | |
| B | 1.2% | $39.00 | $57.62 | ||
| C | 2.9% | $26.60 | $44.67 | ||
| All | 2.1% | $36.10 | $54.59 | ||
| Yaletown | A | 0.0% | – | – | |
| B | 7.0% | $31.71 | $49.56 | ||
| C | 2.5% | $40.00 | $57.96 | ||
| All | 4.5% | $33.17 | $51.04 | ||
| Downtown Total | AAA | 0.6% | $42.17 | $63.88 | |
| A | 0.8% | $42.70 | $66.24 | ||
| B | 2.4% | $34.94 | $55.21 | ||
| C | 4.2% | $29.29 | $47.44 | ||
| All | 2.1% | $34.77 | $54.57 | ||
| Other Vancouver | Broadway Corridor | A | 2.2% | $26.80 | $48.90 |
| B | 1.9% | $30.16 | $48.26 | ||
| C | 0.1% | – | – | ||
| All | 1.9% | $29.28 | $48.43 | ||
| Vancouver Periphery | A | 1.8% | $35.00 | $52.66 | |
| B | 5.0% | $24.51 | $50.58 | ||
| C | 4.6% | $15.00 | $28.79 | ||
| All | 3.5% | $26.08 | $50.35 | ||
| Suburbs | Burnaby | A | 5.0% | $24.71 | $39.49 |
| B | 3.7% | $19.36 | $35.34 | ||
| C | 2.2% | – | – | ||
| All | 4.4% | $22.77 | $37.98 | ||
| New Westminster | A | 0.7% | $25.00 | $41.52 | |
| B | 4.1% | $18.92 | $32.62 | ||
| C | 1.4% | $12.00 | $31.13 | ||
| All | 2.3% | $18.98 | $33.67 | ||
| North Vancouver | A | 1.6% | $18.50 | $32.15 | |
| B | 1.3% | $22.79 | $39.87 | ||
| C | 2.6% | $25.56 | $40.41 | ||
| All | 1.5% | $21.06 | $36.03 | ||
| Richmond | A | 6.3% | $18.64 | $30.89 | |
| B | 10.1% | $15.32 | $27.10 | ||
| C | 0.7% | $19.00 | $31.51 | ||
| All | 7.0% | $17.84 | $29.98 | ||
| Surrey | AAA | 0.9% | $28.58 | $45.73 | |
| A | 4.9% | $20.16 | $29.41 | ||
| B | 4.2% | $19.99 | $30.83 | ||
| C | 0.3% | $25.00 | $39.36 | ||
| All | 2.9% | $21.78 | $33.27 | ||
| Langley | A | 0.9% | $24.90 | $36.44 | |
| B | 0.0% | – | – | ||
| C | 0.5% | $11.00 | $20.87 | ||
| All | 0.6% | $23.06 | $34.37 | ||
| Suburban Total | AAA | 0.9% | $28.58 | $45.73 | |
| A | 4.2% | $22.19 | $35.32 | ||
| B | 4.7% | $19.56 | $34.26 | ||
| C | 1.4% | $19.66 | $34.96 | ||
| All | 3.8% | $21.41 | $35.37 | ||
| Metro Vancouver Total | AAA | 0.7% | $38.17 | $56.82 | |
| A | 2.9% | $23.57 | 37.74 | ||
| B | 3.3% | $25.48 | $42.26 | ||
| C | 2.8% | $27.96 | >$45.71 | ||
| All | 2.9% | $25.62 | $41.56 | ||
Source: Colliers Vancouver Q2 2020 Office Market Report
Industrial Market
| Vacancy Rate | Net Rent | Additional Rent | |
|---|---|---|---|
| Vancouver | 4.7% | $17.96 | $6.88 |
| Burnaby | 1.7% | $14.25 | $5.32 |
| New Westminster | 0.0% | $12.95 | – |
| North Vancouver | 1.0% | $18.64 | $13.15 |
| Richmond | 1.9% | $13.70 | $4.07 |
| Delta | 1.3% | $11.30 | $3.30 |
| Surrey | 1.0% | $11.49 | $3.49 |
| Langley | 0.6% | $12.17 | $2.79 |
| Coquitlam | 0.7% | $14.41 | $4.93 |
| Port Coquitlam | 1.9% | $13.21 | $5.17 |
| Maple Ridge/Pitt Meadows | 0.4% | $13.59 | – |
| Abbotsford | 1.0% | $11.73 | – |
| Metro Vancouver Total | 1.7% | $13.15 | $4.33 |
Source: Colliers Vancouver Q2 2020 Industrial Market Report
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