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Review of Metro Vancouver’s Office Market in Q1 2019

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. [...]

Vancouver’s Broadway Corridor: 2019 Investment & Leasing Overview

Vancouver’s Broadway Corridor: 2019 Investment & Leasing Overview
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 [...]

Metro Vancouver Q4 2018 Office Market Overview

Metro Vancouver Q4 2018 Office Market Overview
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 [...]

Q4 2018 Metro Vancouver Industrial Report

Q4 2018 Metro Vancouver Industrial Report
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 [...]

Lee & Associates Releases 2018 Year End Retail Report for Metro Vancouver

Lee & Associates Releases 2018 Year End Retail Report for Metro Vancouver
The Metro Vancouver retail market heading into Q1 of 2019 is showing signs of volatility. The abundance of chain retailers downsizing or winding down operations has created some uncertainty. The volatility in the Canadian marketplace is in large part due to consumer preferences becoming increasingly polarized between luxury and discount. Mid-tier vendors have had to [...]

Metro Vancouver Q3 2018 Office Market Overview

Metro Vancouver Q3 2018 Office Market Overview
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 [...]