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 [...]
The results are in and we are proud to announce Lee & Associates Vancouver's Top Deals for 2018. Congratulations to all our brokers! 415-485 Marie Place North Vancouver Sold for $20,410,000 Purchased by Fairborne Properties Ltd. Brokered by Martin Delafontaine and Arash Rezai 1906 Haro Street Vancouver Sold for $13,200,000 Purchased by 1166238 BC Ltd. [...]
It's time to own or lease Brand New Strata Warehouse units in South Cloverdale Business Centre! Exceptionally located at 18733 52nd Avenue in Surrey, the property offers great transportation connections as it is located in close proximity to several major transportation routes including Highway 15 (Pacific Highway), Highway 10, and Fraser Highway. Ownership/lease opportunities range [...]
Following the release of our Q3 2018 Metro Vancouver Industrial Market Snapshot, Business in Vancouver talks to our Senior Associate Chris McIntyre and VP of Research Ryan Walmsley about the demand and prices of industrial land. “There is no supply of industrial land in Metro Vancouver. We are facing a crisis in industrial space in [...]
We are pleased to present our latest findings on the Metro Vancouver industrial market. Highlights from this quarterly update include: The Metro Vancouver vacancy rate increased from 1.40% in Q2 2018 to 1.46% in Q3 2018. This marks the first increase in vacancy rate since the start of 2016. Over the past year the average [...]
Lee & Associates is pleased to present the opportunity to purchase an industrial development land at 10905 Scott Road, Surrey. The property is situated in between two major roads including the South Fraser Perimeter Road (Highway 17) and Scott Road/120th Street, with over 350 feet of frontage to Scott Road. The 4.51 acre site has potential [...]
Lee & Associates Vancouver is pleased to announce the sale of #16 -13550 77 Avenue in Surrey. This high exposure 3,078 SF strata warehouse unit is located in the Newton Industrial District. Sebastian Espinosa and Tony Capolongo achieved a record breaking price for the seller in this transaction.
We are pleased to present our latest findings on the Metro Vancouver industrial market. Highlights from this quarterly report include: The Q2 2018 vacancy rate for Metro Vancouver is 1.40% a decrease of 10 basis points from the Q2 2017 reported rate of 1.50% In Q2 2017 the reported Metro Vancouver industrial rental rate was [...]