All Sq Ft Area

  • All Sq Ft Area
  • 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

Q1 2018 Industrial Market Snapshot

Q1 2018 Industrial Market Snapshot

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

  • The Metro Vancouver industrial vacancy rate for Q1 2018 is 1.47%, a decrease from 1.64% reported for Q1 2017
  • Q1 2018 totaled over $290,000,000 in reported sales, this is set to surpass the Q1 2017 total of over $317,000,000
  • Metro Vancouver’s industrial rental rates continue to rise with an average of $11.59 per square foot being reported, an increase of $1.05 from Q1 2017
  • In Q1 2018 the average price per square foot for Metro Vancouver industrial properties surpassed the $300 mark, a large increase compared to the Q1 2017 rate of over $240 per square foot
  • Both new supply and absorption rates are projected to rise in 2018 as over 3 million square feet is expected to be added to the Greater Vancouver industrial inventory

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