Vancouver’s commercial real estate market is entering the second half of the year with renewed confidence and resilience, according to a new survey by Avison Young (Canada) Inc.
An internal survey of over 150 Avison Young professionals across Canada predicts that Vancouver’s commercial real estate market will be “stable” in the second half of 2025, despite lower office demand from the tech sector and a “mixed” industrial market.
“Despite ongoing global uncertainty and macroeconomic headwinds, the city is charting its own course,” said Brett Armstrong, managing director of the firm’s Vancouver office, in the Wednesday report.
There are strong fundamentals, a constrained supply environment and a business culture that has embraced return-to-office more fully than other Canadian markets, he
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