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Vacancy rates in large office markets in Canada 2020-2023 with a forecast for 2024

Published by Statista Research Department, May 3, 2024

Vacancy rates in downtown offices remained relatively high in Canada's biggest markets in 2023, despite leasing activity slowly recovering from the coronavirus (COVID-19) pandemic. The national vacancy rate stood at 18.3 percent, with Ottawa, Vancouver, and Halifax leading the ranking as the markets with the lowest share of vacant offices. As market fundaments strengthen, the vacancy rate is forecast to slightly rise in 2024.

Vacancy rates in selected downtown office markets in Canada from 2020 to 2023 with a forecast for 2024

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Release date

February 2024

Region

Canada

Survey time period

2020 to 2023

Supplementary notes

* forecast

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