Delta/Richmond

Vancouver CAN - Industrial Submarket

Industrial real estate intelligence for the Delta/Richmond submarket. 85.6M SF of inventory with 4.3% vacancy. Data sourced from various MLS platforms.

85.6MSF

Inventory

4.7MSF

Available

4.3%

Vacancy

5.4%

Availability Rate

$13.71

Asking Rent

-1.7%

Rent Growth

187KSF

12mo Absorption

247KSF

Under Construction

Market Metrics

12mo Delivered

993K SF

Under Constr % of Inv

0.3%%

Sale Price/SF

$308

Cap Rate

4.2%%

12mo Sales Volume

$305,609,570

Sales Vol Growth

8.2%

Asset Value

$26,477,216,398

Net Absorption

+187K SF

Data Centre Development Potential

Moderate vacancy (4.3%) in Delta/Richmond suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 247K SF indicates developer confidence in the submarket. Positive net absorption of 187K SF over the past 12 months signals healthy demand fundamentals.

Other Submarkets in Vancouver CAN

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

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.