On average, listings lease in the $0's per square foot per year. The Downtown Vancouver region is seeing a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 9 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,200 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Vancouver folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.