Locating top-tier office space in downtown Vancouver is becoming a significant challenge for tenants, according to a real estate market research study by Devencore. Vacancy rates for all office classes have plummeted to 5.0 per cent, down from 7.1 per cent a year ago. Class A office vacancy rates are even lower, at 4.0 per cent. At the same time, average gross rents are climbing steadily.
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