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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. We plan on providing updates of the buildings as construction progresses monthly, so expect updated photos in late-June. 402 DUNSMUIR BUILDING BY OXFORD PROPERTIES Expected completion is [...]

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. [...]

Vancouver’s Broadway Corridor: 2019 Investment & Leasing Overview

Vancouver’s Broadway Corridor: 2019 Investment & Leasing Overview
Key takeaways for 2019: Substantial increase in property taxes suppresses potential rental growth for underbuilt properties across all assets classes. Residential land market softens across Metro Vancouver as the housing market struggles to find a balanced market. The City of Vancouver’s land speculation levy by way of implementing Development Contribution Expectations (DCE’s) has had a [...]

Metro Vancouver Q4 2018 Office Market Overview

Metro Vancouver Q4 2018 Office Market Overview
Close to 1 million square feet of office leasing absorption was achieved in Q4 as a handful of new periphery office buildings were occupied and equally strong take-up in the downtown and suburban markets was recorded. Investment activity was subdued in Q4 edging up office cap rates to 4.1% as municipal elections resulted in some [...]

Q4 2018 Metro Vancouver Industrial Report

Q4 2018 Metro Vancouver Industrial Report
Market Overview The Metro Vancouver industrial vacancy rate stayed at 1.46% for the end of 2018, showing no change compared to Q3 2018. This is still a drop of two basis points compared to Q4 2017. Despite vacancy rate remaining at 1.46% the availability rate dropped 0.15% and ended 2018 at 4.91%. Absorption nearly matched [...]