In its 2016 Canadian Market Outlook report, CBRE noted that the overall vacancy rate for offices across Vancouver is expected to fall from 11.5% in 2015 to 11.2% in 2016. The Class A Net Rental Rate is expected to slip from CAD27.10 per square foot to CAD26.21 per square foot. Absorption is expected to fall from 1.51mn square feet to 0.53mn square feet. New supply is expected to drop from 2.40mn square feet to 0.39mn square feet. Stock that is under construction should fall from 1.08mn square feet to 1.03mn square feet.

Source : December 2015/CBRE/Vancouver/OFF