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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 Downtown Vancouver Office Market remains strong, while vacancy rates have been increasing, the overall vacancy Downtown is only 7.1%, however that is an increase from 4.2% a year prior. It is also worth noting that the class “A” vacancy rate is only 4.8% while the class “B” vacancy rate is 9.0%. AS OF The Burnaby Office enters 2010 with a vacancy rate of 12.6% up from 8.4% a year prior, with over a million square feet vacant and more supply yet to be completed. Landlords are feeling anxious and wondering what it will take to fill their vacancies. On the positive side the fourth quarter of 2009 did [...] Happy New Year everybody! It is now 2010 and a new and exciting year is now here. We have lots of changes planned for our online presence here at RGDCommercial.com. We’ve changed the back-end of our website system for more flexibility for us to bring you new and more up-to-date office lease listings. We’ve also implemented [...] |
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