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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…
Canadian commercial real estate lenders are positioning themselves for a more dynamic year ahead, despite potential tariff challenges on the horizon. According to the latest CBRE Canadian Real Estate Lenders Report, borrowers can anticipate increased debt availability across most asset classes and metropolitan areas throughout the country. The comprehensive analysis draws from survey responses of…
Investing in a commercial street cafe in Vancouver presents an exciting opportunity for entrepreneurs and investors. Vancouver’s strong coffee culture and reputation as a foodie destination make it an ideal market for cafe businesses. However, success in this competitive market requires careful location analysis and realistic ROI projections. This guide will help you understand the…
As a bustling metropolis with a thriving economy, Greater Vancouver is an ideal retail commercial property investment location. From iconic streets to emerging neighbourhoods, this region offers diverse opportunities for businesses seeking prime retail space. In this blog, we’ll explore the best areas for retail commercial property in Greater Vancouver, ensuring your investment is strategically…
Vancouver’s commercial real estate landscape in 2024 presents a complex picture of resilience and adaptation across different sectors. The market is experiencing varying dynamics, with some sectors showing remarkable strength while others undergo significant adjustments. The multifamily sector stands out as particularly robust, driven by exceptional population growth rates of 3.8% and 4% in 2022…
Vancouver Retail Market Report Download Report During the latter half of the year, Vancouver’s retail market has experienced a slowdown in momentum. Leasing activity is near its lowest going back to 2015. Space absorption will fall short of matching 2023’s 500,000 SF. Nevertheless, the year will continue the trend of positive year-over-year absorption. The lack…
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