Mount Pleasant & False Creek Flats is a prime-tier Class A submarket of Vancouver with average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD.
Tech and creative submarket. · Tier: prime · Avg rent: C$48/sqft/yr · ≈ $35.5 PSF/yr USD
Mount Pleasant and the False Creek Flats anchor Vancouver's tech and creative office submarket — converted industrial Class A and the Emily Carr / Centre for Digital Media campus.
Tech, gaming, film and visual effects, creative agencies.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Main Street-Science World (Expo Line).
Multi-modal transit captures the metro's principal professional catchment.
Olympic Village, Science World, Main Street retail.
Mount Pleasant & False Creek Flats is one of 5 Class A submarkets we cover in Vancouver, classified as prime tier with an average asking rent around C$48/sqft/yr · ≈ $35.5 PSF/yr USD. Compared with the broader Vancouver Class A stock, Mount Pleasant & False Creek Flats typically attracts Tech, gaming, film and visual effects, creative agencies and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Mount Pleasant & False Creek Flats: Downtown CBD, Coal Harbour, Yaletown, Broadway Corridor. The full Vancouver submarket atlas is at /cities/vancouver.
For an institutional Class A occupier evaluating Mount Pleasant & False Creek Flats, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Vancouver Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.