All Property Sizes

  • All Property Sizes
  • Less than 1,000
  • 1,000 to 5,000
  • 5,000 to 10,000
  • 10,000 to 30,000
  • 30,000 to 50,000
  • 45,000 to 50,000
  • 50,000+

Price Range: From to

Metro Vancouver Q3 2020 Industrial Market Overview

Industrial players in Metro Vancouver have weathered challenges brought on by the pandemic; the industrial rental and investment market, however, continues to experience growth with stable rents and steadily increasing market prices. A reported +/- 3.7 Million SF of industrial space is currently under construction-light industrial, multi-story developments in the Vancouver-core cater to high-tech office tenants while a large number of development sites 50,000 SF and above are located in the cities of Delta, Richmond, Surrey, Langley, and the Tri-Cities area to cater to the strong demand for distribution/logistics and manufacturing facilities.

Moving ahead, the industrial real estate sector is expected to remain strong heading forward with vacancy rates at 2.1% this quarter.

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