Passer au contenu principal Passer au pied de page

Vancouver Industrial Market Report Q1 2021

Télécharger le rapport
research article

Vacancy reached an all time low of 1.0% for the GVA this quarter. Also, for the third consecutive quarter the GVA industrial market experienced no vacancies of bulk/logistics space which has seen a spike in demand particularly from e-commerce companies as well as 3PL companies that do significant business related to e-commerce.

  • The weighted average asking net rent reached a historical high of $14.09 per square foot this quarter, marking a year over year growth rate of 7.5%. The average year over year growth for weighted average asking net rent per quarter for the past 5 years in the GVA has been 10.7%. From 2011 to 2015 the year over year growth rate per quarter averaged 1.1%.
  • The Metro Vancouver 2020 Regional Industrial Lands Inventory Report (“The Report”) was recently released and notes the difficult nature of estimating the lifespan of available vacant industrial lands due to a variety of factors, such as redevelopment and intensification activity.
  • The Report does note that using a “theoretical absorption forecast model, the ‘Other / Vacant’ industrial land supply might be substantially absorbed in the 2030s”. However, it also notes that before fully depleted the remaining industrial land supply would be relatively small, scattered parcels not suitable for larger industrial developments.

Vancouver Industrial Market Report Q1 2021

Télécharger le rapport
Pour plus d’informations, veuillez contacter:

Roelof van Dijk

Senior Director, National Research & Analytics | Canada

Toronto Downtown

As Senior Director, Research & Analytics | Canada, Roelof leads the strategy and operation of Colliers Canada Research, delivering market intelligence initiatives that give Colliers and its clients a competitive advantage. He focuses on developing a high-performance national research team that leverages Colliers’ best-in-class market intelligence to produce relevant insights on local and national market and industry trends that inform client decisions, address market needs and support Colliers’ growth strategies.

Roelof has 15 years of experience covering the Canadian commercial real estate market. Prior to his career in commercial real estate, he also worked as a project manager and urban planning consultant for residential developers across the Greater Toronto Area.

Roelof is regularly cited in national publications, such as The Globe & Mail, CBC News, Bloomberg, Reuters, Maclean’s Magazine and the National Post, as well as in local outlets across Canada.

Voir l'expert