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Victoria Office Market Report Q2 2021

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research article
By Austin Cope

The Greater Victoria office market continued its stable performance relative to other Canadian markets throughout the pandemic with overall vacancy increasing from 6.1% in Q1 2021 to 7.3% in Q2 2021.

  • Class A space has continued to be a bright spot in the office environment, accounting for only 11% of the overall office vacancy.
  • To date, there has been limited sublease space offered to the market, with the current sublease availability totaling 45,407 square feet, representing only 7.0% of the total vacant space available.
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Victoria Office Market Report Q2 2021

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For More Information, Please Contact:
Tyler Dolan | Colliers | Victoria

Tyler Dolan

Senior Managing Director, Vancouver Island and Okanagan

Victoria

+1 250 414 8388
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yler Dolan is the Managing Director, Vancouver Island and Okanagan responsible for the execution of Colliers business strategy in the region. He is also the National Debt Advisory Lead for Canada.

Tyler has been active in the commercial real estate industry since 2001, and spent the majority of his career in both real estate and commercial finance with major financial institutions.

Tyler joined Colliers’ Leadership Team in May 2018 working with advisors and operations staff on the success of their clients’ real estate needs. His priorities include business development, employee engagement, professional development, recruiting, market identity, financial management and performance.

Tyler is an alumnus of Royal Roads University with a Bachelor of Commerce, Camosun College with a Diploma in Business Administration, and UBC Sauder School of Business in Mortgage Brokerage Brokerage and Real Estate Trading Services in British Columbia.

Tyler is a past Board Member of the Downtown Victoria Business Association, Peninsula Minor Hockey Association, the Urban Development Institute, and the Victoria Brain Injury Society.

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Roelof van Dijk | Colliers | Toronto Downtown

Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

+1 416 643 3469
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As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

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