Commercial real estate market research reports

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Metro Vancouver Industrial Overview (Spring 2020)

Metro Vancouver Industrial Overview (Spring 2020) June 2, 2020

While industrial activity in Metro Vancouver may be initially bruised by the emergence of the COVID-19 pandemic, the regional industrial market is meeting government-imposed restrictions and a subsequent economic downturn from a position of strength. While forthcoming statistical indicators for the second quarter of 2020 will provide a first full look at the initial impacts of COVID-19, the benchmark data from the first quarter of 2020 highlight a regional industrial market that posted near-record-low vacancy and achieved record-high rental rates while persistent strong demand for industrial space on a sale and lease basis had maintained new construction activity at a frenzied pace.

Read Avison Young's Spring 2020 Metro Vancouver Industrial Overview