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Q1 2019 Office & Industrial Statistics

April 2, 2019 / by Courtney Weale / Blog / 0 Comments
National construction activity reached 16.0 million sq. ft. for the first time since Q4 2015. The uptick in activity was brought on by the Vancouver market.
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The New NIT – Vancouver

March 5, 2019 / by Lisa Presta / Blog / 0 Comments

If you’re wondering where we’ve been, the answer is…busy! The Vancouver National Investment Team has undergone a few changes, welcoming four new team members to our marketing, finance, and research groups. While we’ve been transitioning our new members, we have managed to remain Western Canada’s top investment leaders, holding a commanding 53% share of the Metro Vancouver investment market (more than twice the volume of our closest competitor), and closing out the 2018 year with $2.3 billion in transaction volume.

The Team

The CBRE National Investment Team – Vancouver is now a powerhouse group of 13 real estate professionals, specializing in marketing, design, sales support, financial underwriting and analysis, and administrative management. Together we have an unrivaled level of real estate experience. This experience, combined with our extensive capabilities, ensures the efficient facilitation of transactions and provides access to a wide network of investors. Our experiences and strengths span across all asset classes and major markets, allowing us to provide innovative investment strategies and deliver winning solutions to our clients.

Together with our senior leaders, Jim Szabo and Tony Quattrin, we were able to kick off 2019 with the $208 million sale of Airport Executive Park, a 13-building, 707,809 square foot office park in Richmond – one of the largest-known deals of the year so far, and already a potential benchmark deal of 2019.

As the trusted, go-to advisors for the Metro Vancouver commercial real estate market with unrivalled experience, we invite you to connect with us to discuss your 2019 investment goals further and tell us how we can help. Get in contact with our team via this online form.

Q4 2018 Office & Industrial Statistics

February 8, 2019 / by Lisa Presta / Blog / 0 Comments
Over 14.6 million sq. ft. of office space is under construction across the country as a result of strong demand, the highest level since Q1 2016. The bulk of the new space is slated for the Toronto, Vancouver and Montreal.
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Q2 2018 Office and Industrial Statistics Report

July 18, 2018 / by Min Kang / Blog / 0 Comments
https://f.tlcollect.com/f2/618/71631/quarter-stats-header3.jpg

Q2 2018 Office & Industrial Statistics The latest statistics, graphs and market intelligence for cities from coast to coast.

CANADA OFFICE Four of ten major office markets tightened following the creation of 238,000 net jobs in the 12 months ending May 2018.

 

https://f.tlcollect.com/f2/218/47425/quarter-stats-icons-ofc.pngAVERAGE CLASS A NET RENT $18.93 per sq. ft. https://f.tlcollect.com/f2/018/78029/quarter-stats-icons-stable.pngDOWNTOWN VACANCY 10.7%
https://f.tlcollect.com/f2/118/75150/quarter-stats-icons-under-cons.pngUNDER   CONSTRUCTION 11.7 million sq. ft. https://f.tlcollect.com/f2/418/43232/quarter-stats-icons-up.pngSUBURBAN VACANCY 15.1%

CANADA INDUSTRIAL Overall availability dropped to 3.9% as strong fundamentals and demand reduced availability in eight of the 10 major markets.

 

https://f.tlcollect.com/f2/118/50950/quarter-stats-icons-ind.pngAVAILABILITY RATE 3.9% https://f.tlcollect.com/f2/118/75150/quarter-stats-icons-under-cons.pngUNDER CONSTRUCTION 19.4 million sq.ft.
https://f.tlcollect.com/f2/318/75678/quarter-stats-icons-up-blue.pngAVERAGE  SALE PRICE $136.14 per sq. ft. https://f.tlcollect.com/f2/418/43232/quarter-stats-icons-up.pngAVERAGE NET RENT $7.21 per sq. ft.