City of Vancouver

Vancouver CAN - Industrial Submarket

Industrial real estate intelligence for the City of Vancouver submarket. 27.6M SF of inventory with 5.6% vacancy. Data sourced from various MLS platforms.

27.6MSF

Inventory

2.1MSF

Available

5.6%

Vacancy

7.6%

Availability Rate

$17.44

Asking Rent

-1.7%

Rent Growth

207KSF

12mo Absorption

343KSF

Under Construction

Market Metrics

12mo Delivered

463K SF

Under Constr % of Inv

1.2%%

Sale Price/SF

$347

Cap Rate

4.3%%

12mo Sales Volume

$127,462,438

Sales Vol Growth

-10.5%

Asset Value

$9,683,260,309

Net Absorption

+207K SF

Recent DC Sales in Market

PropertyPriceSFBuyer
TierPoint St. Louis - Olive Data Center-128,000TierPoint

Available DC Space in Market

PropertyAvail SFRentOwner
Cold Storage Warehouse170,223$8.99 - 10.99 (Est.)Karis Cold Storage

Data Centre Development Potential

Moderate vacancy (5.6%) in City of Vancouver suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 343K SF indicates developer confidence in the submarket. Positive net absorption of 207K SF over the past 12 months signals healthy demand fundamentals.

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

Burnaby

33.4M SF4.6% vac$14.91

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.