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Darrell Hurst | Colliers | Vancouver

Darrell Hurst

Senior Managing Director, Brokerage | Vancouver

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About

Professional Summary

Darrell is a Senior Managing Director of Colliers Vancouver Brokerage operations, Canada's leading real estate services firm. Darrell is an industry veteran with more than 30 years expereince in the CRE sector across BC and Canada. Known for an extensive network of clients and deep industry knowledge, Darrell is invaluable at driving unparalled client solution results through strategic processes that align the clients corporate objectives with best in class services and best in class teams.

Darrell joined Colliers in 2021 after more than 5 years with one of Vancouver's leading development companies in an executive asset management role preceded by a highly successful brokerage career and founding team member of a leading national brokerage firm.

Darrell has been a long standing member of several industry associations including NAIOP, BOMA, UDI, ICSC, CREA and the Greater Vancouver Real Estate Board. Darrell has served several charity organizations as well as on many board/committees of industry associations over his tenure and continues to be active within the many communities in which he works. 

Education

BA Economics - University of British Columbia

Appraisal Dipl. - Langara College

Memberships & Involvements

NAIOP, BOMA, UDI, ICSC

Member of Marine Drive Golf Club

Member of Vancouver Lawn, Tennis and Badminton Club

Services

Skills

Asset Management, Lease Advisory, Business Development, Transactions Services

Service Lines

Landlord Representation, Occupier Representation, Capital Markets, Integrated Services

Property Type

Industrial, Office, Retail

Featured Research

Jan 19, 2023

Vancouver Industrial Market Report Q4 2022

The shortage of large-bay space remains the headline of the Greater Vancouver Area’s Industrial market in Q4. Average asking net rates have increased to $21.10 per square foot, and despite a 46% increase in total vacant space from the previous quarter, there is still very strong tenant demand. • Vacant and available square feet have both risen quarter-over-quarter, but those increases have had no substantial impact on the current market, with the vacancy rate remaining at 0.2%. • Leasing options remain limited despite an additional 648,431 square feet of available space hitting the market in Q4, with half of the listed spaces being 5,000 square feet or smaller. • Over 1.1 million square feet of new supply was delivered in the final quarter of 2022, but nearly all of the new space was pre-leased before the buildings reached completion, resulting in a net absorption of 928,265 square feet.
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Jan 19, 2023

Vancouver Office Market Report Q4 2022

Throughout 2022, the Greater Vancouver Area office market continued to see positive absorption and a very stable vacancy rate, remaining unchanged at 5.9% in Q4, while the weighted average asking net rent increased by 21 cents (0.6%) to $34.25 per square foot in Q4.​ Downtown received a significant influx of sublease space in Q4, around 460,000 square feet, resulting in an increase in the total vacancy rate from 7.0% in Q3 to 8.4% in Q4, as well as the total available space also increased by 22% quarter-over-quarter in Q4, resulting in a 10.7% of availability rate in the Downtown area.​ As a consequence of the influx of sublease space in the office market, the rate of inducements has been improved by many landlords., such as offering rent-free periods and paying for leasehold improvements, to attract potential tenants and incentivize existing tenants into renting their headlease space and protect the value of their properties.​ Vancouver is in the midst of an office construction boom, having completed 1.4 million square feet of new space in 2022, with further 6.1 million square feet actively under construction across the entire GVA.
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Oct 13, 2022

Vancouver Office Market Report Q3 2022

The Greater Vancouver Area office market continued to see net positive uptake of space and limited new supply in Q3, which restrained the growth in net absorption. The office vacancy rate remained relatively stable increasing to 5.9% from 5.8% last quarter, while the weighted average asking net rent increased by 2.2% quarter-over-quarter to $34.04 per square foot.
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Featured News

Oct 26, 2022

As seen on Daily Hive

This past year saw the population of Vancouver increase by 30,762 people, according to the city's census data. As the population of our city keeps rising, it's important to prepare for further booms by envisioning and planning what new community members will need to live, work, and play.
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Jan 24, 2022

Burnaby, Mississauga Epitomize Rise of Towering Big-City Suburbs

On Skyscraperpage.com the projects at 4444 Kingsway, Gatineau Place, Concord Metrotown and Two Gilmore Place all have something in common: They’re among the tallest buildings either proposed or under construction in Metro Vancouver — and they’re all in Burnaby.
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