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 Industrial Market turning the corner as investors show renewed confidence.

Sales activity has increased steadily over the past six months due in part to low interest rates, lenders showing more confidence, and investors slowly getting their sea legs back. Capitalization rates have begun to fall owing to the abundance of private money chasing deals of all sizes and asset classes, and the bid-ask gap continuing to narrow. REITS and institutional investors have also become more active.

 
Metro Vancouver Industrial Market (Fall 2011)
Area Current Inventory (sq. ft.) Vacancy Rate
Richmond 34,291,721 4.0%
Surrey 28,704,725 2.4%
Burnaby 27,268,092 3.5%
Vancouver 21,914,062 4.2%
Delta 20,546,575 8.5%
Langley 15,574,811 5.5%
Coquitlam 7,469,071 9.9%
Port Coquitlam 6,819,942 4.2%
Abbotsford 5,777,071 6.1%
North Vancouver 5,074,645 1.8%
New Westminster 3,682,315 6.9%
Maple Ridge/Pitt Meadows 2,247,069 5.9%
Total 179,370,099 4.6%
 

Multi-Family Investment Recommendations

Low vacancy rates and low interest 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 2011)
Area Bachelor 1-Bdrm 2-Bdrm Vacancy
Vancouver $881 $1,045 $1,493 0.7%
Burnaby $733 $870 $1,103 2.0%
New Westminster $658 $794 $1,026 2.9%
North Vancouver $855 $986 $1,257 0.4%
Surrey $610 $718 $897 3.7%
Tri-Cities $675 $785 $978 3.0%
Maple Ridge $601 $697 $890 4.0%
Langley $631 $764 $910 3.5%
Abbotsford $565 $668 $807 6.1%
Chilliwack $496 $608 $768 3.9%
Nanaimo $538 $661 $802 6.3%
Victoria $676 $819 $1,045 2.1%
 

Office Investment Recommendations

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

Vacancy in the Downtown core, Yaletown and Broadway submarkets remains tight with signs that those markets will continue to strengthen. Rental rates are slowly trending back up, especially for class A and AAA spaces due to increasing demand from tenants, minimal large-block opportunities and the limited supply of new quality product. Please read more about the Metro Vancouver market in Avison Young's Office Market Report-Mid Year 2011.

  
BC Office Class Average Rental Rents per Square Foot (Mid-Year 2011)
Area by Class: AAA A B C Vacancy
Downtown $32-$45 $26-$38 $22-$32 $18-$26 5.0%
Yaletown $29-$42 $24-$28 $19-$23 3.9%
Broadway $24-$30 $18-$25 $15-$19 5.6%
Burnaby $19-$28 $14-$18 $10-$14 9.7%
Richmond $16-$18 $12-$14 $9-$11 23.9%
New Westminster $16-$26 $12-$16 $9-$12 9.6%
North Shore $20-$28 $15-$20 $12-$16 7.7%
Surrey $17-$28 $14-$17 $11-$13 6.0%
 

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

James Paleologos
Realtech Capital Group Inc.
Direct: (604) 662-4811
Cell: (604) 377-1649
jamesp@realtechcapital.com
www.realtechcapital.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

Larry Dybvig
Grover, Elliott & Co. Ltd.
604-638-3161
ldybvig@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