Downtown Vancouver office vacancy rate at a 10-year high

VANCOUVER -- A rising tide of economic volatility at home and abroad could force up vacancy rates in downtown Vancouver’s office market, which is already experiencing the highest vacancy level in a decade, say local commercial real estate experts. The downtown Vancouver office vacancy rate has climbed to nearly 10 per cent as of June 30, according to Avison Young’s mid-year Metro Vancouver Office Market Report. That’s the highest level of office vacancy for the downtown core since 2004.