Home › Categories › Corporate Reports› Canada Office Report

Canada Office Report.pdf

Canada-Office-Figures-Q2-2023.pdf
Preview of Canada Office Report
🔗 Source: cbre.ca
📊 Size: 267 KB
📄 Pages: 21 pages
⬇️ Downloads: 373

Summary

Vacancy rate increased to 18.1%, with downtown areas responsible for the majority of the increase.
 Net absorption remained in negative territory, but moderated from Q1, with only Calgary, Vancouver, and Halifax reporting positive absorption.
Sublet vacancy grew for the fourth consecutive quarter, with downtown areas driving the increase.
 Construction pipeline is declining, with 11.5 million sq. ft. currently under construction, expected to decrease to 4.2 million sq. ft. by year-end.
Tenant preferences are shifting towards high-quality, well-amenitized office buildings in suburban areas, with Suburban Class A seeing the strongest rental growth.
 Downtown Class A remains the tightest segment, but vacancy has increased due to new supply deliveries and dampened demand.
Downtown Class B has the highest vacancy rate at 23.3%, with average net asking rents decreasing since the start of the pandemic.

Key Statistics

Vacancy rate: 18.1%
Net absorption: -1.6 million sq. ft.
 Average Class A net rent: $25.43 per sq. ft.
Sublet vacancy: 3.4% of inventory
 Construction pipeline: 11.5 million sq. ft.
* Downtown vs. suburban vacancy rate: 18.9% vs. 17.1%

Download File

Description

Canada's office vacancy rate is 18.1% with -1.6M SF net absorption. Average Class A net rent is $25.43 PSF. Suburban Class A offices saw a 7.8% rental increase since Q1 2020.

Technical Information

  • File Format: PDF
  • File Size: 267 KB
  • Pages: 21
  • Language: EN
  • Total Downloads: 373
  • Last Updated: 3 weeks ago

Document Overview

This PDF document about Canada Office Report provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Canada Office Report.

Related Topics

If you're interested in Canada Office Report, you might also want to explore:

Canada guideCanada tutorialOffice guideOffice tutorialReport guideReport tutorial

Related Categories

Business & Finance
41204 documents
Education & Learning
22711 documents
Health & Wellness
8956 documents
Technology
4783 documents

Related Documents

Preview of DAR Regional Office Caraga
PDF file

DAR Regional Office Caraga

277 KBGSOEN6 pages
The Department of Agrarian Reform's Caraga Regional Office No.
Download
Preview of Election Office Report
PDF file

Election Office Report

476 KBsjenningsEN21 pages
The Office of the Supervisor of Elections is located at Building #6 Russell Hill Road, Road Town, and is governed by the Elections Act No.
Download
Preview of Canada
PDF file

Canada

1.65 MBEN9 pages
Dr. Richard Aron, a specialist dermatologist with over 40 years of experience, developed the Aron Regimen for treating atopic eczema.
Download
Preview of Canada
PDF file

Canada

1.88 MBEN36 pages
Women are less likely to say their organization supports a culture of wellbeing and are twice as likely to want to work from home to avoid workplace...
Download
Preview of Report from Office of Finance
PDF file

Report from Office of Finance

21.88 MBEN32 pages
The City of Los Angeles Office of Finance submitted an Investment Report for the month ending February 28, 2017.
Download

Download Canada Office Report eBooks for free and learn more about Canada Office Report. These books contain exercises and tutorials to improve your practical skills, at all levels!

Not satisfied with this document? We have related documents to Canada Office Report, try searching with similar keywords: Executive Office Of The President Annual Report To Congress On White House Office Personnel White House Office As Of: Friday, Ju, Quarterly Report PDF alstria office REIT-AG Quarterly Report PDF Q3 statement / Q3 financial report 2023 , Canada Office Report, Special Report Special Report Office Of The Inspector, Basic Geography Of Canada Lesson Plan K 12 Study Canada, Canada Bank Of Canada, Canada Timeline Canada History, Download Canada And Conflict Issues In Canada By P

You can download PDF versions of the user's guide, manuals and ebooks about Canada Office Report, you can also find and download for free A free online manual (notices) with beginner and intermediate, Downloads Documentation, You can download PDF files (or DOC and PPT) about Canada Office Report for free, but please respect copyrighted ebooks.