Over the years, Vancouver has been attracting more investors for its commercial real estate properties. Canada’s business port, as one of the world’s best infrastructure systems, gives various types of businesses the chance to thrive and survive. With plenty of commercial real estate for sale in Vancouver, the country shows no sign of slowing down as investors explore opportunities.
Commercial Real Estate Investment Records
Canada is one of four countries to achieve back-to-back records for commercial real estate investment. The other countries include China, Spain and the Netherlands.
Nearly C$43 billion ($34 billion) transactions were made in the country, compared to 2016’s C$34.7 billion records. Experts foresee low vacancies and high rents to improve even more, which can lead to even higher investments.
Although Canada started off a bit late in the cycle, investors remain eager for the country’s commercial real estate. Its low vacancy rates and low unemployment percentage increase Canada’s institutional allocation for real estate and supportive immigration. These allocations then give rise to population growth.
Record-Low Vacancy Rates
Scoring that back-to-back commercial real estate investment record serves as an achievement, but there is a downside to this triumph. The country is experiencing record-low vacancy, and it’s driving companies outside Vancouver.
Meanwhile, demand for available industrial space in Vancouver continues to grow, which outpaces the supply in the west coast city. The predicted 4.9 per cent fall in Vancouver’s downtown office vacancy remains among the country’s lowest. Seen to remain stagnant until 2020, office demand may boost rent and demand increases this year.
The shift to e-shopping has prompted the demand for industrial real estate among e-commerce companies. Such companies rely on a network of distribution centres to perform same-day or next-day delivery to customers.
This development has led to Canada’s estimated 1.8 billion square feet of industrial space taken up at record speed in almost every urban market. A majority the more than 8.5 million square feet of additional space under construction in Vancouver and Toronto already committed to tenants.
Canada Seen as a Haven for Investors
Buyers seek to score properties in Canada, from offices to warehouses. The country’s growing economy plus its political stability help cement its reputation as a haven for investors.
Building values continue to rise while tenants keep on fighting for industrial space. This, however, won’t affect or slow down the country’s investment momentum anytime soon. As real estate investments yield, more than 20 per cent institutional allocation increase will likely occur in the next five years.
Find Industrial Spaces with Experienced Real Estate Brokers
It’s never an easy task to find the right property for your company. Let Vancouver Business Brokers do that for you. Whether you’re buying, selling or renting commercial real estate, our team understands the processes and knows the laws and regulations on buying and selling.
Our priority is to fulfill your company’s needs by finding the right industrial space among the many listings in Vancouver. Expect our team to meet your expectations through our negotiation skills.
If you’re looking for valuable investment opportunities, Vancouver Business Brokers can help you. Contact us today for more information.