Third quarter data shows Metro Vancouver’s office market continues to be anemic with availabilities going still higher, leasing activity staying subdued, and only a modest expansion in occupied space. The story for almost all submarkets remains largely the same, with the Vancouver office market struggling to gain traction, best characterized by below normal leasing activity and another increase in sublease space. Both at the metro level, and the all-important downtown market, leasing activity remained at all time lows (outside COVID). For the quarter, Metro Vancouver office availabilities increased 10 basis points (bps) to register 12.7% and were up 70 bps from 12.0% registered in the year-ago period. The downtown availability rate saw a similar increase, finishing the quarter at a multi-decade high of 15.7%. In respone, show suites are now increasingly commonplace. Perhaps confounding many, rents continued to largely hold steady.