The 2019 Q4 Fraser Valley Owner-User Industrial Report covers industrial properties in the Fraser Valley that are between 15,000 and 100,000 square feet. Buildings of this size are more typical of owner user operators, but market reports often do not provide detail at this level. In addition, the report breaks down the industrial market into the many industrial parks in the region, so that better insight can be obtained on an individual building’s location.
The Fraser Valley the Owner User industrial market has had a positive year.
- 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
