Carmen Maria Luk

Vancouver Office Vacancy Drops to 9.5%: What the Flight to Quality Means for Downtown Condo Owners and Investors

Vancouver's downtown office vacancy has edged down to 9.5% as tenants expand and demand concentrates in top-tier Class A and AAA space, while major projects like 1166 West Pender shift to hotel and residential uses. For local real estate readers, this signals a turning point in employer confidence that could reshape downtown neighbourhood demand—but the recovery is uneven, and the conversion of older office stock is changing who lives and works near core assets.