Grade A office vacancy rate in CBD fell 1.0 percentage point QoQ to 5.6% in Q2 2026 as tightening supply continued to support rental growth.
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After a period of uncertainty, the Greater Vancouver commercial real estate market is gradually recovering. More and more corporate tenants are upgrading to higher-quality factory and logistics spaces, and are turning to popular areas like Surrey to build bespoke facilities. However, experts point out that challenges such as construction costs, tariffs, and government approval timelines remain.