Olympic-Sized Deal Leads the Charge
A study by Colliers International covering $1M-plus investment deals in Metro Vancouver throughout office, multifamily, retail, and industrial in 2013 reveals that demand is strong across all asset classes—but retail and industrial lead the charge, says Colliers market intelligence manager James Lang (snapped above with colleague Matt Dixon). Noteworthy, he says, was the high demand for retail in mixed-use communities like Olympic Village in southeast False Creek.
That was where the largest single retail transaction happened during the second half of 2013—63k SF and 12 units in a deal just north of $45M (seller was the City of Vancouver, buyer was First Capital Realty). Retailers and investors want to be there because of the growing population in the area, he says.