SURFING THE NEW WAVE OF DOWNTOWN OFFICE SUPPLY Moderator: Jeff Rank - - PowerPoint PPT Presentation

▶

Mar 16, 2023 181 likes •258 views

Session C1: 1:25PM SURFING THE NEW WAVE OF DOWNTOWN OFFICE SUPPLY Moderator: Jeff Rank , Vice President, Bentall Kennedy (Canada) LP Speakers: Glenn Gardner , Principal, Avison Young Dan Jordan , Vice President, Colliers International Ronan

SLIDE 1

Session C1: 1:25PM Moderator: Jeff Rank, Vice President, Bentall Kennedy (Canada) LP Speakers: Glenn Gardner, Principal, Avison Young Dan Jordan, Vice President, Colliers International Ronan Pigott, Associate Vice President, JLL

SURFING THE NEW WAVE OF DOWNTOWN OFFICE SUPPLY

SLIDE 2

DOWNTOWN VANCOUVER OFFICE MARKET STATISTICS (at Q3 2016)

Inventory Vacancy (%) YTD 2016 absorption

AAA 5,234,348 8.6 224,367 A 6,681,425 10.0

8,431

B 7,768,813 8.5 25,142 C 3,881,855 8.1

3,336

Total 23,566,441 8.9 237,742

(50% of total inventory) (13.8 in suburbs) (457,311 in suburbs)

Source: CBRE

SLIDE 3

NEW BUILDING ABSORPTION

SLIDE 4

Occupancy rates 98% 100% 10% 0% 0% 0%

Source: Avison Young Research, 2016

SLIDE 5

Source: Avison Young Research, 2016

SLIDE 6

Session C1: 1:25PM Moderator: Jeff Rank, Vice President, Bentall Kennedy (Canada) LP Speakers: Glenn Gardner, Principal, Avison Young Dan Jordan, Vice President, Colliers International Ronan Pigott, Associate Vice President, JLL