Contact Us

Industrial Landlords Need To Get Real

Vancouver Industrial

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.)