We called up Avision Young’s Rob Gritten this morning for the latest on the Metro Vancouver industrial market. The region’s industrial vacancy rate—which has hovered around 3.5%—means owners of older, less efficient buildings have to get real on pricing. It’s a tenant’s market, Rob says, and with loads of new supply out there—and 3.5M SF under construction or in the planning—landlords will be fiercely competing for a limited number of tenants. (Like trying to get cast in Degrassi, being old is a big liability.)
Industrial Landlords Need To Get Real
Continue reading this story with a free account
Log in or register
Related Topics:
Avision Young
, Avison Young
, Industrial
, Landlords
, Metro Vancouver
, Rob Gritten
)
)
)
)
)
)
)
)
)
)
)
)