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Q3 2017 Metro Vancouver Industrial Snapshot

 

We are pleased to present our latest findings on the Metro Vancouver industrial market.  Highlights from this snapshot include:

 

 

  1. By Q3 2017 the industrial vacancy rate for Metro Vancouver has dropped to 1.49%, a decrease from 1.83% in Q3 2016
  2. The average asking rental rates for industrial properties in Metro Vancouver continues to rise, reaching an average of $10.85 per SF, an increase of $.60 compared to Q3 2016
  3. For Q3 2017 sales of industrial properties in Metro Vancouver totaled over $259,000,000 which is down from the 3-year average of over $358,000,000.
  4. While total sales volume has decreased, price per SF for industrial properties has increased to over $255 per SF across Metro Vancouver, an increase compared to the Q3 2016 rate of over $230 per SF.

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Tel: (604) 684-7117  |  Fax: (604) 684-1017