The side-by-side buildings at 401 West Georgia St. and 402 Dunsmuir St. are expected to fetch about $350 million, Bloomberg reported. Completed in early 2020, the nine-storey Dunsmuir building was constructed specifically for Amazon, which is the key tenant. (Bloomberg)

Talking point: The value of commercial real estate has become uncertain as the COVID-19 pandemic has made office-based companies repeatedly reconsider hybrid work and what they need in spaces where workers congregate. At least two floors of the 22-storey West Georgia building are up for sublease. An April report from CBRE found the cross-Canada vacancy rate for offices was at an all-time high of 17.7 per cent, while demand is shifting to high-quality space with lots of amenities. With higher interest rates making mortgages on all real estate more expensive to refinance, some worry a crash is coming. What these Vancouver properties fetch could be a bellwether.