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Vancouver Industrial Market Report Q1 2022

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research article

The GVA industrial market saw another quarter of record-low vacancy and a record-high for weighted average asking net rent.

  • Limited supply and strong demand are driving the GVA industrial market. The vacancy rate remained at an all-time low of 0.4%.
  • Q1 2022 saw a 20.2% increase year-over-year in weighted average asking net rent for the GVA, resulting in a record high rate of $16.93 per square foot.
  • Strata projects are increasingly releasing limited phases with the anticipation of price increases for future phases. The average price per square foot for strata in the GVA was $546 per square foot.

Vancouver Industrial Market Report Q1 2022

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Pour plus d’informations, veuillez contacter:

Leo Lee

Directeur national Opérations, Recherche | Canada

Toronto West

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