The vacancy rate of downtown office units in Canada has risen since 2019, reflecting the drop in leasing activity due to the coronavirus (COVID-19) pandemic. In 2023, the share of vacant office real estate reached **** percent, up from **** percent in 2019. According to the forecast, this trend will continue in 2024. Among Canada's major office markets, Vancouver and Ottawa had some of the lowest vacancy rates.
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CBRE Group. (February 26, 2024). Vacancy rates of office units in Canada from 2016 to 2023 with a forecast for 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/953829/vacancy-rates-office-canada/
CBRE Group. "Vacancy rates of office units in Canada from 2016 to 2023 with a forecast for 2024." Chart. February 26, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/953829/vacancy-rates-office-canada/
CBRE Group. (2024). Vacancy rates of office units in Canada from 2016 to 2023 with a forecast for 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/953829/vacancy-rates-office-canada/
CBRE Group. "Vacancy Rates of Office Units in Canada from 2016 to 2023 with a Forecast for 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Feb 2024, /statistics/953829/vacancy-rates-office-canada/
CBRE Group, Vacancy rates of office units in Canada from 2016 to 2023 with a forecast for 2024 ÌÇÐÄÆƽâ°æ, /statistics/953829/vacancy-rates-office-canada/ (last visited July 22, 2026)
Vacancy rates of office units in Canada from 2016 to 2023 with a forecast for 2024 [Graph], CBRE Group, February 26, 2024. [Online]. Available: /statistics/953829/vacancy-rates-office-canada/
