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The Strata Review - Q3 2019


The value of industrial strata in the central markets of Metro Vancouver has increased by an average of 71% since the beginning of 2016. In the first half of 2019, record setting sales have put a spotlight on the strata market for developers, investors and owner-occupiers. 

As recently reported by Colliers, this is the lowest vacancy rate seen in the Lower Mainland in over a decade and is contributing to substantial upward pressure on both lease rates and sale values.

Stefan Morissette and Sean Bagan are pleased to present the latest edition of The Strata Review, providing you a quick update on the Richmond, Delta, South Burnaby and South Vancouver industrial markets in recent 2018. To learn more, please download the newsletter.

For More Information, Please Contact:

Stefan Morissette

Vice President | Industrial | Personal Real Estate Corporation


Stefan prides himself on advising owners and occupiers of industrial real estate on decisions that impact their business through unparalleled market knowledge, consistent and reliable communication and a highly ethical mindset.

As of 2020, Stefan has completed more than 450 deals consisting of over 5,000,000 square feet of industrial real estate for a total dollar value of over $400,000,000. In 2018, Stefan had the privilege of representing Daiya Foods in their expansion into a 400,000 square foot new production plant in Burnaby for the largest industrial lease transaction of the year. Stefan has over ten years’ of experience across Richmond, Delta, Surrey, Burnaby and Vancouver.  

Stefan’s long standing relationships and focus on his clients’ needs helped him to become one of Colliers top producers in 2019.

An advocate for personal and professional development, Stefan spends a significant amount of time mentoring and developing those starting their careers in commercial real estate.


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Sean Bagan

Associate Vice President | Personal Real Estate Corporation


Sean specializes in industrial leasing and sales in Metro Vancouver. Since joining Colliers in 2014, he has completed over $700,000,000 in sales transactions and over 3,800,000 square feet of leasing. He is a market leader in industrial strata project sales, occupier representation and project leasing. He focuses his representation service on providing a stress free and seamless transaction process. Providing excellent service is very important to Sean as he strives to have clients enjoy the process from the moment they connect to the day the keys are exchanged. Sean completes an average of 50+ deals a year and can provide references from any of his clients upon request.

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