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Vancouver Industrial Market Report Q3 2023

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research article

The GVA's red-hot industrial market is adjusting to a healthier level after an extended period of rapid rental growth and depleted vacancies, with the vacancy rate now standing at 1.2% - its highest level in the past three years.

  • The average asking net rate slipped by $0.21 per square foot quarter-over-quarter (QoQ) to $21.84 per square foot but has grown by over 7% year-over-year.
  • The availability rate rose by 70 basis points to 2.4% in Q3 2023 and is more than triple the 0.7% availability recorded a year ago.
  • Strata sales volume declined by 45% QoQ as high interest rates continue to impede investment activities.

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Vancouver Industrial Market Report Q3 2023

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

Adam Jacobs

Head of Research | Canada

Toronto Downtown

Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. 

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