Multi-Family Investment Report
The Metro-Vancouver apartment building investment market continues to be a strong environment for both buyers and sellers. Record low capitalization rates and the area’s desirable location have made selling an apartment building investment very attractive for owners, particularly those who have owned their building for a long period of time. At the same time, relatively low vacancy rates have provided buyers with a low risk market for a safe investment with consistent, reliable returns. It is for these reasons we believe the market continues to see activity, although the market has slowed by as much as 30% as of late.
National Newsletter Spring/Summer 2008
Since the summer of 2007, financial markets around the world have experienced a realignment in lending practices or a “credit crunch” causing countries to revise their economic growth forecasts downward. In the fourth quarter of 2007, U.S. economic activity slowed to an annual rate of 0.6%. In comparison, Canadaperformed slightly better at 0.8%. Over the past several years, Canadian commercial real estate has experienced steady increases in activity and returns. While returns decreased slightly in 2007 from previous historic highs, the effect of an economic downturn on Canadian real estate for 2008 and beyond emains to be seen.
Investment Review Second Half 2007
Avison Young tracks investment sales in British Columbia greater
than $5 million. The value of all sales during 2007 was $967 million,
only slightly down from the $1.0 billion recorded in 2006. Fifty-four
transactions were recorded in 2006 for an average transaction value
of $18.7 million. During 2007, the comparative figures were forty-seven
sales and an average sale price of $20.6 million. The average transaction
size over the last decade was $20.9 million.
Metro Vancouver Office Market Report - Year End 2007
The demand for offi ce space in Metro Vancouver continues unabated. The supply of space has increased marginally. The vacancy rate continues its downward march and stands at 4.8% at the end of the year; a 0.3% drop from the mid-year rate and a 1.4 % reduction over twelve months.
Industrial Overview Report - Fall 2007
In this report we are shifting our focus from the environment
to the economy and specifically to the effects of the
soaring value of the Canadian dollar on Metro Vancouver’s
industrial real estate market.
British Columbia Real Estate Investment Reivew (First Half 2007)
Activity in the real estate investment markets of British Columbia has fallen, both in terms of dollar volume and the number of transactions, to levels not seen for five years.
Greater Vancouver Office Market Report (Mid Year 2007)
At the end of the fi rst half of 2007, the Greater Vancouver offi ce mar-ket vacancy rate stood at 5.1%, a drop of 1.1% from the end of 2006. The offi ce market continues to be buoyed by a healthy economy, which is driving the demand for space, and is characterized by a lack of new supply to meet the demand.
Greater Vancouver Industrial Overview (Spring 2007)
We thought we would look at a topic, which is very much 'top of mind' for policy makers, politicians and those industrialists who will pay the price, in the short term, for the actions taken bu the two former groups.
British Columbia Real Estate Investment Review (Second Half 2006)
The last six months has seen a dramatic drop-off in activity in the investment sales market in British Columbia. However, the total activity for 2006 saw 54 transactions for a combined sales value of $1 billion.
Greater Vancouver Office Market Report (Year End 2006)
Its getting tight, very tight in Downtown Vancouver.
Greater Vancouver Office Market Report (Mid Year 2006)
Vacancy rates declined to 5.8% on 960,000 square feet of absorption.
Greater Vancouver Industrial Overview (Spring 2006)
Vacancy rates remain low at 2.1%. Industrial sales declined in volume over the past half year, owing to lack of offerings.
British Columbia Real Estate Investment Review - Year End 2005
Nearly $1.4 Billion worth of investment assets valued at over 5 million traded in 2005. Pension Funds were the notable buyers while private investors were the predominant sellers.
Office Market Report - Mid Year 2005
Vacancy rates declined to 9.8% on nearly one million square feet of absorption. Downtown's vacancy rate declined to the 8% range.
British Columbia Real Estate Investment Review - Mid Year 2005
Capitalization rates declined for quality product as demand continues to exceed supply. Total transaction value was slightly lower than the previous three half-year periods, however several large transactions were pending at press time that should push the total value for 2005 to near 2004's record level.
Industrial Overview - Spring 2005
A record number of industrial properties valued at over $5 million traded over the past six months, including three in the 5.0% capitalization rate range. Report details 15 property transactions, significant leases as well as market statistics. View
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