New downtown Vancouver office tower having difficulty keeping tenants
Comparable new buildings in the neighbourhood are mostly occupied except for a few of the lower floors.
Author of the article: Joanne Lee-Young
Published Feb 13, 2024
Vancouver Centre II building at 733 Seymour features Douglas Coupland's new work Spawn. PHOTO BY ARLEN REDEKOP /PNG
The Vancouver Centre II office tower officially opened a year ago, but it has been one step forward, one step back in terms of filling its floors, according to local commercial real estate agents.
They say it is surprising that GWL Realty Advisors’ 33-storey AAA office building at 733 Seymour St. in downtown Vancouver isn’t finding success with tenants.
“If you look at other new builds, it’s fair to say they’ve been more successful,” says Vancouver-based Ross Moore, a managing broker at real estate company Cresa, which advises companies on leases.
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https://vancouversun.com/news/new-downtown-vancouver-office-tower-having-difficulty-keeping-tenants
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