Burnaby

Vancouver CAN - Industrial Submarket

Industrial real estate intelligence for the Burnaby submarket. 33.4M SF of inventory with 4.6% vacancy. Data sourced from various MLS platforms.

33.4MSF

Inventory

2.7MSF

Available

4.6%

Vacancy

7.9%

Availability Rate

$14.91

Asking Rent

-2.4%

Rent Growth

-436,427SF

12mo Absorption

410KSF

Under Construction

Market Metrics

12mo Delivered

60K SF

Under Constr % of Inv

1.2%%

Sale Price/SF

$324

Cap Rate

4.2%%

12mo Sales Volume

$143,607,934

Sales Vol Growth

31.8%

Asset Value

$10,937,958,159

Net Absorption

-436,427 SF

Recent DC Sales in Market

PropertyPriceSFBuyer
VAN-3 Data Centre$17.1M53,643eStruxture Data Centers

Data Centre Development Potential

Moderate vacancy (4.6%) in Burnaby suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 410K SF indicates developer confidence in the submarket. Negative absorption of 436K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.

Other Submarkets in Vancouver CAN

Delta/Richmond

85.6M SF4.3% vac$13.71

Surrey/Langley

75.6M SF3.3% vac$14.30

Tri-Cities, New West & Ridge Meadows

35.3M SF4.1% vac$14.15

City of Vancouver

27.6M SF5.6% vac$17.44

Abbotsford/Chilliwack

20.2M SF3.6% vac$13.50

North Shore

9.4M SF1.2% vac$18.68
Luke Tatman

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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.