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 [...]
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 [...]
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. [...]
Metro Vancouver's office market witnessed less positive absorption this past quarter, however three (3) >100,000 SF pre-lease deals Downtown by the co-working, financial, & technology sectors showcases the region’s sustained diverse economy. Overall vacancy rates dropped a full percentage point to 6.2% and despite the large deals recorded Downtown, leasing activity in the Suburbs of [...]
Vancouver's metro office market continues its torrid pace of increased absorption, lower vacancy rates and higher rental rates. Rapid expansion in Vancouver by the tech sector led by Amazon & the co-working dynamic led by WeWork together with a lack of new supply has made Western Canada's largest city record the lowest vacancy rate and [...]
Lee & Associates releases its national Q2 2018 market reports in a new on-line interactive format. Click on the report cover to read the publication which includes a snapshot of Metro Vancouver's industrial and office markets.
Lee & Associates Vancouver is pleased to present to you our multi-property brochure for Spring 2018. This catalogue is a summary of industrial, retail, office, investment and development properties in Metro Vancouver offered by Lee & Associates. Follow the links to the section that interests you, or download the full publication: Industrial | Retail | Office | Investment [...]
We are pleased to present our latest findings on the Metro Vancouver Office market.
Overall, the Metro Vancouver office market is fairly stable heading into Q2 2016 with leasing demand steady and sales activity at their highest level yet.