May 20, 2021
Downtown office boom fueling residential demand?
Our very own teammate, Andre Alie Day, was recently featured in an urbanYVR interview with Shawn Brown, a Vancouver residential broker at West Haven Group. The two discussed downtown Vancouver’s current office tower boom and how it could affect residential real estate prices in Downtown Vancouver. Click here to visit urbanYVR’s website to read the full article.
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Vacancy rates for all classes of office product in Metro Vancouver increased 50 basis points to 7.4% in Q3 2021. Over 600,000 sq. ft. of new office inventory introduced this quarter contributed to the increase of vacancy in the market.
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