Lee & Associates Vancouver | Commercial Real Estate Services


Home

Q4 2017 Metro Vancouver Industrial Report

 

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

 

 

  1. The industrial vacancy rate for Metro Vancouver ends 2017 at 1.48% a decrease from 1.67% reported at the end of 2016
  2. Metro Vancouver’s industrial rental rates continue to increase with an average of $11.44 being reported for Q4 2017, an increase of $.90 from Q4 2016
  3. For 2017 sales of industrial properties in Metro Vancouver totaled over $1,650,000,000 which is down from the 2016 total of over $1,800,000,000
  4. While total sales volume has decreased, price per SF for industrial properties has increased to over $275 per SF across Metro Vancouver, an increase compared to the 2016 rate of over $240 per SF.
  5. There was a total of over 3,000,000 SF of new supply becoming available from construction in 2017, which is up from the 3-year average of 2,600,000 SF

Click to download

 

 

 
475 West Georgia Street, Suite 800  |  Vancouver, BC  V6B 4M9
Tel: (604) 684-7117  |  Fax: (604) 684-1017