The net absorption of office space in Vancouver increased between 2020 and 2023, showing early signs of recovery from the coronavirus (COVID-19) crisis. Net absorption is the total amount of space which tenants moved into minus the total amount of space which tenants moved out of during a specific period. In 2023, the net absorption rate of office real estate in Vancouver was a negative *** million square meters, meaning that less space was occupied than vacated. According to the forecast, absorption is expected to increase not only in Vancouver, but also on a national level in 2024.
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CBRE Group. (February 26, 2024). Net absorption of office space in Vancouver, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /statistics/953940/net-absorption-office-vancouver/
CBRE Group. "Net absorption of office space in Vancouver, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet)." Chart. February 26, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /statistics/953940/net-absorption-office-vancouver/
CBRE Group. (2024). Net absorption of office space in Vancouver, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /statistics/953940/net-absorption-office-vancouver/
CBRE Group. "Net Absorption of Office Space in Vancouver, Canada from 2016 to 2023 with a Forecast for 2024 (in Million Square Feet)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 26 Feb 2024, /statistics/953940/net-absorption-office-vancouver/
CBRE Group, Net absorption of office space in Vancouver, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) ÌÇÐÄÆƽâ°æ, /statistics/953940/net-absorption-office-vancouver/ (last visited July 21, 2026)
Net absorption of office space in Vancouver, Canada from 2016 to 2023 with a forecast for 2024 (in million square feet) [Graph], CBRE Group, February 26, 2024. [Online]. Available: /statistics/953940/net-absorption-office-vancouver/
