- Total absorption is 874,000 square feet, or a growth of 1.4% in total occupancy
- New supply tracked by Colliers was just over 674,000 square feet
- Vacancy rates have declined to 0.9% down from 1.2% in Q4 of 2018
- Availability rates are now 3.0%, up from 2.2% in Q3 of 2019
For More Information, Please Contact:
Craig is a Senior Director in the Valuation and Advisory Services group at Colliers and holds the AACI, P.App and CFA designations. He offers appraisal and consulting services in the Greater Vancouver and Fraser Valley area as well as throughout British Columbia with particualr focus on the following assets and services: Commercial Property, Industrial Property, Expropriation Valuation, Hospitality Property and Recreational Land, and Multi-Family Property.
Craig is the former Director of Market Intelligence for Canada as well as a real estate broker and appraiser with over 25 years of experience in commercial real estate with work experience is focused on providing strategic and transactional assistance to national real estate firms. With professional experience in real estate research, valuation, development, management, finance, consulting, and portfolio management roles he has worked with all major asset classes for valuation of both income producing real estate as well as expropriation, development projects. His client list includes firms in the finance, technology, aerospace, and logistical industries as well as real estate firms and has additional work experience providing ongoing economic knowledge, research, forecasting and review of the Canadian and international environment.