Vancouver

After a long and tenuous 2 years hiatus, tenants are finally back in offices. Stores and restaurants in downtown Toronto's PATH are open for business. With the increasing adoption of hybrid work models, landlords face further pressure to retain tenants through new amenities and facilities, such as conference rooms and gyms, to name a few. In this article, we explore how the cost of such programs or projects can affect the operating expenses incurred by tenants at commercial offices.

The distress for warehouse users continued in the first quarter with the regionwide vacancy rate falling to a crippling 0.57%, down from 0.62% in the fourth quarter, and 2.14% a year ago.

There was a noticeable uptick in the Metro Vancouver office market during the first quarter with occupied space increasing by 370,000 square feet, and the availability rate moving slightly lower.

First-quarter statistics show Metro Vancouver's office and industrial markets continued to be among the tightest in North America. During the quarter the Metro Vancouver office availability rate fell marginally to 7.4%, while industrial vacancies remained well below 1.0, at 0.7%.

Each year, The Lipsey Company conducts a survey on the commercial real estate industry’s top 25 most recognizable brands.

Executing a successful transition to hybrid work requires a deep understanding of company culture by business leaders and managers. The more you understand your organization's unique culture, the better prepared you are to execute a remote strategy that enables your workforce to enhance their outputs. In the fourth article of our Work + Place series co-authored by Jamie Grossman and Stacey Litwin-Davies, they discuss the factors business leaders need to consider when deciding where staff should work when operating in hybrid and remote work environments.

The distress for warehouse users continued in the first quarter with the regionwide vacancy rate falling to a crippling 0.57%, down from 0.62% in the fourth quarter, and 2.14% a year ago.

There was a noticeable uptick in the Metro Vancouver office market during the first quarter with occupied space increasing by 370,000 square feet, and the availability rate moving slightly lower.