The overall
suburban vacancy rate for Q1 2017 was 22.9 per cent and at year - end it was back at the same level, having risen slightly during the intervening quarters.
When sublease space is factored in, the
overall suburban vacancy rate fell to 23 percent during the fourth quarter, still high but lower than the 23.6 percent rate of the third quarter, or 24.8 percent a year ago.
JLL's Rapid Transit Office Index is the result of an in - depth study on trends in Metro
Vancouver suburban vacancy rates, absorption trends and occupancy costs for office space outside of the Downtown Core that is located within 500 meters of a SkyTrain station.
Canada's suburban markets kept pace with downtown markets as the
national suburban vacancy rate tumbled 230 bps over the past 12 months to reach 9.8 per cent at the end of June 2011.
Over the quarter, the
average suburban vacancy rate increased 70 basis points from 19.0 % to 19.7 % and the average CBD vacancy rate increased 120 basis points from 20.8 % to 22.0 %.
Overall,
suburban vacancies are expected to remain steady largely due to build - to - suit projects.
Meanwhile,
the suburban vacancy rate rose from 15.3 % to 20 % during the same period.
The suburban vacancy rate has stayed flat over the last two years.