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.
Meanwhile, Asian foreign investors have significantly curtailed investment stemming from a number of provincial, federal, and international headwinds and controls on money leaving China.
Despite diminished leasing activity, availability is extremely limited, rates are rising, and preparation should be made early in anticipation of pending lease expires in the near term.
Stay up to date – to receive our market insight as soon as they become available, subscribe here.