The global pandemic of 2020 has left its mark on almost every market and industry imaginable. While industrial real estate in Vancouver and the Lower Mainland is experiencing troubles of its own during this time, it hasn’t all been bad news. All things considered, the sector seems to be weathering the storm relatively well. Consider the demand for warehousing and other industrial spaces. For a long...
Over the past few months I’ve had more inquiries regarding industrial listings and/or properties than all other sectors combined. Not to mention my last few completed deals (a mix of sales and leasing) were all industrial type properties. Why? What is the big attraction these days to this asset class? Well, if you’re looking in and around the Greater Vancouver area, the lease rates for industrial...