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Understanding how to avoid commercial real estate pitfalls is essential for any property owner in Vancouver. When you know how to avoid commercial real estate pitfalls, you can navigate challenges more effectively. It can be tough for property owners to deal with the Vancouver commercial real estate market. The commercial real estate market is always…
Selling your commercial property in Vancouver can feel like a lot to handle. The market can be tricky, and there are many rules you need to follow. You also have to find buyers who are right for your place. Many people feel lost trying to do this by themselves. That is where Urban Team steps…
Key Highlights Introduction Investing in Vancouver’s commercial real estate offers many ways to grow, but it can be hard to pick between strata and freehold properties. Both have their own benefits and things for you to think about. What you choose will shape how you go about your property investment in Vancouver. Strata properties are…
Key Highlights Keep reading to explore the practical steps involved in commercial real estate investing. Introduction Commercial real estate can help you find new and good chances if you want to grow your investment portfolio. There is less risk here compared to very unstable options, and commercial properties can give you steady income and a…
Key Highlights Introduction Vancouver’s commercial real estate market gives property owners and people who invest a lot of ways to make strong returns. The city has a strong economy. There is high demand for commercial spaces and good market conditions right now. Because of this, there is a big chance to make your commercial real…
Commercial Property Valuation in BC Key Highlights Introduction to Commercial Real Estate Appraisal When purchasing a commercial property, an appraisal provides an accurate and unbiased market value of a property to buyers to make a sound financial choice. It identifies the property characteristics, such as location, local landuse regulations, and market conditions to arrive at…
Download Full Report Richmond/Delta Multifamily Market Snapshot Vacancy: 1.0% (up 0.5% from last year) Absorption: -28 units in past year Average Rent: $2,080/month (up 0.4% year-over-year) New Construction: 330 units underway Recent Sales: One transaction at $30 million Building Class Performance: Three-Year Trends: Richmond/Delta Multi-Family- Vacancy Vacancy Rate Sales Richmond/Delta Multifamily Investment Activity The Richmond/Delta…
Download Full Report The Abbotsford/Chilliwack industrial market has seen one of the most dramatic shifts in vacancy rates this year among Vancouver’s submarkets. Vacancy now sits at 3.4%, jumping up 2.6% since January – significantly higher than the metro average increase of 1.5%. Of the 440,000 square feet delivered in the past year, a concerning…
Download Full Report After a really strong year for renting industrial spaces in 2023, things have slowed down in Surrey and Langley in 2024. The amount of space rented this year is similar to what the area saw each year between 2017 and 2022, which was about 1.65 million square feet. Surrey/Langley has usually been…
Download Full Report The City of Vancouver’s industrial submarket is currently experiencing a vacancy rate of 5.1%, a figure that has seen an uptick of 1.8% over the preceding twelve months. This increase slightly outpaces the broader market’s rise in vacancy, which registered at 1.5% during the same period. Contributing to the current landscape, approximately…