Amazon to take over entire former Canada Post building in downtown Vancouver

Amazon’s lease of the entire former Canada Post building in downtown Vancouver is large enough to reduce the city’s projected office vacancy by two per cent, commercial property insiders say. Last week, the it was reported that Amazon had agreed to lease all of the 1.13 million square feet of QuadReal’s two-tower building called The Post, the former Canada Post site on Georgia Street that is now undergoing a major redevelopment. Currently, Vancouver’s downtown office vacancy rate sits at 2.4 per cent, which is at or near the lowest in North America, said Jamil Jamani, a senior market analyst in Vancouver with CoStar Group, an international property data company.