Mount Pleasant & False Creek Flats is a prime-tier Vancouver submarket with average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD.

  • Average asking rent: C$48/sqft/yr · ≈ $35.5 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: C$52/sqft/yr · ≈ $38.5 PSF/yr USD ($38 USD).
  • Citywide vacancy: 11.2% — submarket-level availability is typically tighter at prime tier.

Mount Pleasant & False Creek Flats, Vancouver office rents and availability

Mount Pleasant & False Creek Flats is a prime-tier Vancouver submarket with average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD.

TL;DR

  • Average asking rent: C$48/sqft/yr · ≈ $35.5 PSF/yr USD.
  • Tier: prime.
  • Citywide Class A rent context: C$52/sqft/yr · ≈ $38.5 PSF/yr USD ($38 USD).
  • Citywide vacancy: 11.2% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Mount Pleasant & False Creek Flats averages around C$48/sqft/yr · ≈ $35.5 PSF/yr USD for Class A, against a citywide Class A index of 52. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Tech and creative submarket. Tech, gaming, film and visual effects, creative agencies.

Key facts

cityVancouver
submarketMount Pleasant & False Creek Flats
tierprime
averageRentLocalC$48/sqft/yr · ≈ $35.5 PSF/yr USD
cityClassARentUsd$38/sqft/yr
cityVacancyPct11.2%

Frequently asked questions

What is the average Class A rent in Mount Pleasant & False Creek Flats, Vancouver?
Around C$48/sqft/yr · ≈ $35.5 PSF/yr USD. The citywide Class A index sits at C$52/sqft/yr · ≈ $38.5 PSF/yr USD.

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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