metro vancouver industrial market€¦ · $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000...

METRO VANCOUVER INDUSTRIAL MARKET

MunicipalityVacancy

Rate

Inventory

(Square Feet)

Weighted Avg.

Asking Net

Rent (PSF)

Metro Vancouver Total 2.0% 198,198,173 $9.18

Richmond 2.0% 34,299,615 $8.39

Surrey 1.9% 34,075,363 $8.62

Delta 1.7% 27,117,121 $8.14

Burnaby 1.2% 25,797,846 $10.37

Vancouver 1.6% 20,032,767 $13.83

Langley 1.7% 19,370,767 $9.25

Coquitlam 1.3% 7,130,551 $9.88

Port Coquitlam 5.9% 7,123,412 $8.38

North Vancouver 1.9% 4,716,763 $14.70

New Westminster 7.2% 3,499,038 $6.97

*Q4 2016 Market Data

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Metro Vancouver Average Industrial Land Values (Per Acre)

INDUSTRIAL LAND VALUES

DEAL VOLUME VS DEAL SIZE

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$-

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

$1,400,000,000

2009 2010 2011 2012 2013 2014 2015 2016

Metro Vancouver Industrial Deal Volume vs Deal Size

Total Volume Average Deal Size

Delta Link Business Centre - Phase I

Delta Link Business Centre - Phase II

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•

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Re-imagining Urban Industrial

What’s Old is New Again

Re-Imaging Vertical Industrial

OXFORD RIVERBEND BUSINESS PARK63

Acres

330,000SFUnder Construction

736,000SFFuture Development

19

Property Profile | 2.0Section 2.0 | Property Profile

Notable Current & Proposed Industrial DevelopmentsStrathcona & Grandview-Woodland Areas

440 Clark Drive

Local Investor I 33,000 sfIronworks @ 200 Victoria Drive

Conwest I 226,000 sf

1101-1121 Union Street

Local Investor I 48,000 sfWorkSpaces @ Strathcona Village

Wall Financial I 60,000 sf

1188 Union Street

Spire Development I 27,000 sf

1157 Parker Street

Porte Development I 35,000 sf

830 Clark Drive

Local Developer I 55,000 sf

SALELEASE

SALE

LEASESALELEASE

LEASE

1055 Vernon Drive

PC Urban I 105,000 sf

SALE

21

Property Profile | 2.0Section 2.0 | Property Profile

Lease vs Buy20,000 sf warehouse in South Burnaby

E-COMMERCE FULFILLMENT CENTER

MULTI-LEVEL WAREHOUSES