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The Broadway Corridor Office Market is a relatively small office market adjacent to Downtown Vancouver. The market itself is a little over 4 million square feet, comprising of 79 buildings and has a current vacancy rate of only 6.3%. The vacancy remains at a competitive level with little change over the quarter. AVAILABLE SPACE SUMMARY AS OF The Burnaby Office Market enters the second quarter of 2010 with a vacancy rate of 13% up slightly from last quarter, of interest though is that the class “A” vacancy has increased to 14.6%, and the market is quickly approaching a million square feet vacant as vacancy increased another 80,000 square feet last quarter with [...] The Downtown Vancouver Office Market remains strong, with vacancy rates increasing slightly in the first quarter of 2010, The Downtown vacancy is only 7.2%. It is also worth noting that the class “A” vacancy rate is only 5.0% while the class “B” vacancy rate decreased by 1% in the quarter to 8.0%. AVAILABLE SPACE SUMMARY AS OF |
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