Not exactly news, as I recall a similar story was published something like a month ago, but I figured we could use an office-space-specific thread anyways.
The real news is that the CB Richard Ellis' market report for the 3rd quarter 2007 has finally been posted on their site...
http://www.cbre.ca/EN/Our+Offices/Br...et+Reports.htm
Quote:
Office Squeeze
Vancouver Sun
Published: Tuesday, October 23, 2007
The downtown Vancouver office market now has a three-per- cent vacancy rate, which is both a record low for this market and is the lowest vacancy rate nationwide (surpassing downtown Calgary), according to CB Richard Ellis' Greater Vancouver office report for the third quarter. The Broadway Corridor market is even tighter.
Q3 vacancy rates:
Downtown 3%
Broadway Corridor 2.6%
Burnaby 8.1%
Richmond 13.7%
North Shore 5.0%
Surrey 22.4%
New Westminster 20.0%
© The Vancouver Sun 2007
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Highlights from CB Richard Ellis...
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