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Metro Vancouver Q3 2019 Industrial Market Report

Metro Vancouver Q3 2019 Industrial Market Report
For Q3 2019 the Metro Vancouver industrial market experienced a decrease in the vacancy rate, hitting 1.42% compared to the 1.46% posted at the end of the second quarter. Vacancy rates show no drastic change and continue to remain below 2.0% since the beginning of 2016. Despite over 3.4 million square feet of space coming [...]

Metro Vancouver Q3 2019 Office Market Overview Released

Metro Vancouver Q3 2019 Office Market Overview Released
A more subdued third quarter in office leasing and sales activity was recorded as all-time high rental rates and all-time low vacancy rates dampen deal velocity and a "wait & see" approach starts to take hold, particularly in major investment sales in the lead up to Canada’s federal election October 21, 2019. Widening gross rental [...]

2019 Metro Vancouver Retail Executive Summary

2019 Metro Vancouver Retail Executive Summary
We are pleased to present the Lee & Associates Vancouver 2019 Retail Executive Summary. Highlights: The 2019 retail investment market saw 105 sales with a total sales figure of $0.454 Billion. Among those transactions was the share sale of Cottonwood Mall at 45585 Luckakuck Way in Chilliwack; the regional shopping centre was purchased by local developer, [...]

Metro Vancouver Q2 2019 Industrial Market Overview Released

Metro Vancouver Q2 2019 Industrial Market Overview Released
For Q2 2019 the Metro Vancouver industrial market experienced a slight drop in the vacancy rate, hitting 1.46% compared to Q1 2019 which was 1.47%. This shows no significant change in the vacancy rate since Q3 2018, with approximately 4,314,533 square feet of new supply becoming available since then. The total availabilities in Q2 2019 [...]

Metro Vancouver Q2 2019 Office Market Overview Released

Metro Vancouver Q2 2019 Office Market Overview Released
Last quarter’s recorded strong office investments by dollar volume in Metro Vancouver coupled with the city currently having one of the lowest office vacancy rates in North America have fueled serious developer confidence as the number of new office buildings under construction has skyrocketed. During the second quarter of 2019 Quarter Metro Vancouver added a [...]

New Downtown Vancouver Office Building Construction Update

New Downtown Vancouver Office Building Construction Update
Construction is well under way for 3 high-profile office building developments surrounding our Lee & Associates office in downtown Vancouver and we've taken some photos of the current progress. 402 DUNSMUIR BUILDING BY OXFORD PROPERTIES Expected completion is Q1 2020 147,000 SF | 100% preleased to Amazon Status: The green roof of the 9 storey building [...]

Review of Metro Vancouver’s Office Market in Q1 2019

Review of Metro Vancouver’s Office Market in Q1 2019
Office sales took center stage over office leasing in the first quarter of 2019 with a handful of >250,000 square feet office buildings valued at in excess of $1.5 billion changing hands. Strong continued growth and sustainability of Vancouver’s innovative sectors has attracted North American real estate investors to make their first purchases in Vancouver. [...]