{"id":27187,"date":"2026-02-10T10:10:35","date_gmt":"2026-02-10T18:10:35","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27187"},"modified":"2026-02-10T10:12:10","modified_gmt":"2026-02-10T18:12:10","slug":"commercial-real-estate-outlook-to-rising-office-demand-stabilizing-industrial-space","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/02\/commercial-real-estate-outlook-to-rising-office-demand-stabilizing-industrial-space\/","title":{"rendered":"Commercial Real Estate Outlook to Rising Office Demand &#038; Stabilizing Industrial Space"},"content":{"rendered":"<p style=\"text-align: justify;\">Commercial real estate in Vancouver still has healthy fundamentals and positive momentum, despite the Canadian economy facing uncertainty around tariffs and Canada-US-Mexico trade negotiations.<\/p>\n<p style=\"text-align: justify;\">That\u2019s according to a new regional outlook by CBRE Ltd., which said different asset classes in key markets like Vancouver have long-term promise despite uneven short-term dynamics.<\/p>\n<p style=\"text-align: justify;\">Office inventory in Vancouver is expected to remain stable for the foreseeable future, said the Feb. 3 report. That\u2019s because there is no significant new supply being added downtown and planned projects are currently paused.<\/p>\n<p style=\"text-align: justify;\">There is \u201crobust&#8221; underlying demand for Vancouver office space, with leasing activity doubling year-over-year, said the report.<\/p>\n<p style=\"text-align: justify;\">\u201cThis combination of a halt in construction and ratcheting demand is forecasted to see vacancy drop as existing supply is absorbed throughout the upcoming year,\u201d said the report.<\/p>\n<p style=\"text-align: justify;\">Industrial real estate, meanwhile, is set to recover after the oversupply of recent years, said CBRE. This is being driven by large-format leasing, with major deals currently in progress for spaces exceeding 100,000 square feet.<\/p>\n<p style=\"text-align: justify;\">Large-format industrial supply could be cut in half by mid-2026, with inventory expected to be absorbed and vacancy rates expected to come down, the report said.<\/p>\n<p style=\"text-align: justify;\">The region\u2019s retail sector is entering a \u201cpivotal\u201d period with significant new supply being added through mixed-use projects like Oakridge Park in Vancouver and City Centre 4 in Surrey, said the report.<\/p>\n<p style=\"text-align: justify;\">Despite resilient consumer spending and tight vacancy in most categories, these large-scale deliveries could impact inventory and rental rates. Regional malls are another area of concern, with uncertainty around the future of former Hudson\u2019s Bay Co. spaces.<\/p>\n<p style=\"text-align: justify;\">The multi-family market is seeing peak supply, with purpose-built rental starts up over 60% between 2021 and 2025 compared with the previous five-year period, said CBRE\u2019s report.<\/p>\n<p style=\"text-align: justify;\">Driven by housing starts and condo conversions, the new stock could cause vacancy to fluctuate but is expected to be absorbed by renters, resulting in stabilization and a return to long-term vacancy norms, said the report.<\/p>\n<p style=\"text-align: justify;\">Canada\u2019s safe-haven status supports future success, said the CBRE report.<\/p>\n<p style=\"text-align: justify;\">One expert at another commercial real estate firm echoed this sentiment in a December interview with BIV.<\/p>\n<p style=\"text-align: justify;\">\u201cI\u2019m seeing optimism that I think we haven\u2019t felt in quite a while, and really it\u2019s just a vote of confidence in Vancouver and how it continues to just be a very stable, safe investment,\u201d said Shawna Rogowski, leader of Avison Young (Canada) Inc.\u2019s market intelligence team in Vancouver.<\/p>\n<p style=\"text-align: justify;\">She said the picture in Vancouver is improving after a challenging 2025.<\/p>\n<p style=\"text-align: justify;\">\u201cWe\u2019re definitely seeing a more positive outlook than I think most people were feeling six months ago, which is a great sign for us,\u201d she said.<\/p>\n<p style=\"text-align: justify;\">\u201cVancouver has always remained so resilient in the face of so many challenges that the rest of Canada and the other real estate markets might face.\u201d<\/p>\n<p style=\"text-align: justify;\">Rogowski singled out the strength of the region&#8217;s industrial real estate amid US tariffs, saying Vancouver is a very tight market because the city is geographically constrained and remains an important trade and logistics gateway.<\/p>\n<p><a href=\"https:\/\/www.biv.com\/news\/real-estate\/vancouver-commercial-real-estate-outlook-brightens-after-uneven-2025-11831641\" target=\"_blank\" rel=\"noopener\">Vancouver Commercial Real Estate Outlook Brightens After Uneven 2025<\/a> by Jami Makan | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial real estate in Vancouver still has healthy fundamentals and positive momentum, despite the Canadian economy facing uncertainty around tariffs and Canada-US-Mexico trade negotiations. That\u2019s according to a new regional &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/02\/commercial-real-estate-outlook-to-rising-office-demand-stabilizing-industrial-space\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27187","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commercial Real Estate Outlook to Rising Office Demand &amp; Stabilizing Industrial Space &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/02\/commercial-real-estate-outlook-to-rising-office-demand-stabilizing-industrial-space\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Commercial Real Estate Outlook to Rising Office Demand &amp; Stabilizing Industrial Space &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Commercial real estate in Vancouver still has healthy fundamentals and positive momentum, despite the Canadian economy facing uncertainty around tariffs and Canada-US-Mexico trade negotiations. 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