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

 

Industrial Investment Recommendations

Strong demand for industrial space in the region and low vacancy rates continue to foster a low risk investment environment.

Please read more about BC's Industrial market in Avison Young's Industrial Report

 
Metro Vancouver Industrial Market (Fall 2014)
Area Current Inventory (sq. ft.) Vacancy Rate
Richmond 37,090,055 2.5%
Surrey 28,261,390 2.6%
Burnaby 27,637,584 4.0%
Vancouver 23,432,4402 3.2%
Delta 21,822,754 7.0%
Langley 116,195,691 2.2%
Coquitlam 8,003,369 3.6%
Port Coquitlam 7,255,930 4.1%
Abbotsford 7,111,363 2.8%
North Vancouver 5,452,983 2.1%
New Westminster 3,776,194 6.5%
Maple Ridge/Pitt Meadows 3,388,653 5.0%
Total 189,428,406 3.6%
 

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- Fall 2014)
Area Bachelor 1-Bdrm 2-Bdrm Vacancy
West End/Downtown $1,007 $1,239 $1,849 0.3%
North Vancouver (DM) $927 $1,076 $1,432 0.3%
Richmond $808 $994 $1,198 1.6%
Burnaby $781 $935 $1,188 1.3%
New Westminster $709 $836 $1,157 1.4%
Surrey $713 $760 $926 2.5%
Tri-Cities $712 $823 $1,027 1.6%
Delta $662 $811 $1,030 3.6%
Langley $640 $771 $942 2.6%
Maple Ridge $641 $708 $886 2.8%
 

Office Investment Recommendations

Delivery of new inventory inflates Metro Vancouver office market vacancy as deal velocity increases moderately.

Please read more about Metro Vancouver's Office market in Avison Young's Metro Vancouver Office Report

 
BC Office Class Average Rental Rents per Square Foot (Mid-Year 2014)
Area by Class: AAA A B C Vacancy
Downtown $28-$46 $22-$40 $18-$36 $15-$26 6.4%
Yaletown $29-$35 $24-$28 $19-$23 6.7%
Broadway $24-$30 $18-$25 $15-$19 7.0%
Burnaby $18-$26 $13-$17 $10-$13 12.4%
Richmond $16-$20 $12-$14 $9-$12 15.4%
New Westminster $19-$24 $14-$16 $11-$12 16.1%
North Shore $20-$27 $15-$19 $13-$16 9.0%
Surrey $16-$22 $13-$15 $11-$13 23.2%
 

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

Michael Grudman
Averbach Mortgages
604-908-9055
mike.g@averbachmortgages.com

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