Vacancy rates in downtown offices remained relatively high in Canada's biggest markets in 2023, despite leasing activity slowly recovering from the coronavirus (COVID-19) pandemic. The national vacancy rate stood at 18.3 percent, with Ottawa, Vancouver, and Halifax leading the ranking as the markets with the lowest share of vacant offices. As market fundaments strengthen, the vacancy rate is forecast to slightly rise in 2024.
Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CBRE Group. (February 26, 2024). Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. "Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024." Chart. February 26, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. (2024). Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group. "Vacancy Rates in Selected Downtown Office Markets in Canada from 2020 to 2023 with a Forecast for 2024." Statista, Statista Inc., 26 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/
CBRE Group, Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/ (last visited November 10, 2024)
Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024 [Graph], CBRE Group, February 26, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/953815/vacancy-rates-downtown-office-canada/
