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Vancouver's office vacancy rate climbed to 9.8% in Q4 2024, making it more tenant-friendly.
In Q4 2024, Vancouver's office vacancy rate rose to 9.8%, up 1.2 percentage points from the previous year, due to uncertain market conditions and companies reevaluating office space needs.
This increase has made the market more favorable for tenants, especially for Class B and C buildings.
The technology sector led leasing activity at 32%, while the average rent dropped 4.3% to $33.17 per square foot.
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La tasa de vacantes en la oficina de Vancouver subió al 9,8% en el Q4 2024, lo que la hace más amigable con los inquilinos.