• The Metro Vancouver office market continued to experience strong demand from new entrants and expanding tenants 
  • Downtown office vacancy dropped a further 10 basis points (bps) quarter-over-quarter to 2.6% with active preleasing commitments delaying the arrival of major supply relief
  • Suburban vacancy decreased by 60 basis points bps quarter-over-quarter to 6.1% in Q2 2019
  • Metro Vancouver office vacancy dropped to 4.3%, hitting a new record low with a decrease of 40 bps quarter-over-quarter