Commerical Investments by Avison Young - Vancouver BC
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Industrial Investment
Recommendations 		Multi-Family Investment
Recommendations 		Office Investment
Recommendations

 

Industrial Investment Recommendations

Metro Vancouver's current Industrial Market yeilds are pushing required rents for purshasers and developers.

Recently, significant gains in industrial investment property
values have tended to draw many industrial users towards
ownership (as they seek to benefit from potential capital appreciation)versus tenancy options, tempering the current demand for existing rental stock. Please read more about Metro Vancouver's Industrial Market in Avison Young's Industrial Overview.

  
Metro Vancouver Industrial Market
Area Current Inventory (sq. ft.) Vacancy Rate
Richmond 31,744,347 1.93%
Burnaby 25,180,034 1.90%
Surrey 25,180,034 2.30%
Vancouver 21,693,391 1.03%
Delta 20,118,724 2.50%
Langley 14,523,350 4.70%
Coquitlam 7,432,394 2.00%
Port Coquitlam 6,030,309 0.70%
Abbotsford 5,132,498 1.90%
North Vancouver 4,902,624 1.00%
New Westminster 3,682,315 0.12%
Chilliwack 2,783,118 3.31%
Maple Ridge/Pitt Meadows 2,182,947 3.67%
Port Moody 900,872 0.00%
 

Multi-Family Investment Recommendations

Low vacancy rates continue to provide investors with a low risk investment environment.

Please read more about BC's Multi-Family market in Avison Young's Multi-Family Report

  
Multi-Family Rental Averages in BC (CMHC- October 2008)
Area Bachelor 1-Bdrm 2-Bdrm Vacancy
Vancouver $779 $936 $1,318 0.3%
Burnaby $661 $817 $1,031 0.5%
New Westminster $623 $740 $932 1.0%
North Vancouver $798 $941 $1,135 0.2%
Surrey $577 $709 $878 2.1%
Tri-Cities $638 $746 $933 0.7%
Maple Ridge $525 $652 $836 2.0%
Pitt Meadows $525 $652 $836 2.0%
Abbotsford $522 $627 $765 2.6%
Chilliwack $495 $587 $746 3.3%
Nanaimo $495 $614 $750 1.2%
Victoria $626 $764 $965 0.5%
 

Office Investment Recommendations

Low vacancy rates continue strong demand in Metro Vancouver's Office market.

Please read more about the Metro Vancouver market in Avison Young's Office Market Report-Mid Year 2008

  
BC Office Class Average Rental Rents per Square Foot (2008)
Area by Class: AAA A B C Vacancy
Downtown $30-$45 $20-$38 $18-$28 $15-$20 2.5%
Yaletown $29-$32 $25-$28 $21-$24 3.9%
Broadway $24-$28 $19-$23 $15-$18 6.2%
Burnaby $25-$32 $14-$24 $12-$16 5.4%
Richmond $14-$24 $10-$16 $10-$14 12.3%
New Westminster $18-$24 $14-$18 $10-$14 12.1%
North Vancouver $20-$35 $14-$20 $12-$18 3.4%
Surrey $20-$30 $15-$19 $9-$14 7.9%
 

Helful Resources

Real Estate Lawyers

Brigham H. Jagger
Rowland & Company
Direct Line: (604) 637-0932
Main Line: (604) 637-0928
Fax: (604) 688-1499
Email: bjagger@rowlandlaw.ca
www.rowlandlaw.ca

Mortgage Brokers

Tony Kalla
Westbridge Mortgage Services LTD
604-687-3100
tkalla@westbridgecapital.com

Environmental Consultants

David Kelly
D Kelly Environmental Consulting
604-266-6516

Real Estate Appraisers

Altus Group Limited
Phone: 604-683-5591
Fax: 604-683-5594
www.altusgroup.com

Ernie Payne
Grover, Elliott & Co. Ltd.
778-378-7296
epayne@groverelliott.com

Charlie Fortin-Chilliwack East
Fortin Appraisals
604-858-7124
info@fortinappraisals.com

Consultants

Omicron
Phone: 604-632-3350
Fax: 604-632-3351
www.omicron.com

Special Reports

Useful Links

We recommend the following sites for additional resources:
BCAOMA www.bcapartmentowners.com
CMHC www.cmhc-schl.gc.ca