Despite a period of economic uncertainty, the industrial market in Metro Vancouver appears to be holding steady, and even growing. cbreCanada realestate realestatenews BC housingmarket
9:31 AM Aug 22, 2022
A new report published this month by Coldwell Banker Richard Ellis , the world’s largest commercial real estate services and investment firm, shows multiple indications of growth from Q1 to Q2, whether it’s the average price psf, square feet under construction, or availability rates. Out in Delta, another third-party logistics company, Containerworld Forwarding Services, signed on as a tenant for a 48,000-sq. ft space on 480 Audley Boulevard.had the highest net asking lease rate, at $21.02 per square-feet. It also had the second-lowest availability rate, at 0.6%, and the second-lowest vacancy rate, at 0.2%.
Vancouver had the highest availability rate, at 1.7% and the second-highest vacancy rate, at 1.1%, both of which are perhaps a reflection of the city having the highest average additional rent psf, which was at $8.47, about a full dollar more than North Vancouver and nearly double that of several other cities in Metro Vancouver. Vancouver also had the highest gross rental rate psf, at $29.04, $2.52 more than the next highest, which was Burnaby.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
One thousand backpacks crammed with school supplies handed out to Metro Vancouver children in needOrganizers say there are \u0022countless\u0022 families still experiencing the financial impacts from the pandemic, who rely on food banks and other supports.
Read more »
Here's how many Metro Vancouver cities prefer baths over showersWhich do you prefer: a quick shower or a relaxing bath?
Read more »
Staffing shortages left Maple Ridge with zero ambulances Saturday morningThe Ambulance Paramedics of B.C. wrote in a post published on Facebook that they were “sounding the alarm” about the number of unstaffed ambulances across Metro Vancouver and the Lower Mainland.
Read more »
Protecting media of all forms includes saving Chinese-language newspapers, says Chinese Canadian National Council for Social Justice | Metro Morning with Ismaila Alfa | Live Radio | CBC ListenLISTEN | metromorning: Protecting media of all forms includes saving Chinese-language newspapers, says Chinese Canadian National Council for Social Justice
Read more »
Fake Mandalorians, pretend Demogorgans and the real William Shatner. Here’s a preview of Fan Expo CanadaFake Mandalorians, pretend Demogorgans and the real William Shatner. Here’s a preview of Fan Expo Canada StarTogether
Read more »
Ewan McGregor Appears To Respond To Mark Ruffalo’s ‘Star Wars’ CriticismIt seems that Ewan McGregor is firing back at Mark Ruffalo after he recently dissed 'Star Wars' while praising the MCU. In an interview with Metro, Ruffalo said, 'If you watch Star Wars, you’re pretty much going to get the same version of Star Wars each time ... But with Marvel you can have a…
Read more »