Surrey/Langley

Vancouver CAN - Industrial Submarket

Industrial real estate intelligence for the Surrey/Langley submarket. 75.6M SF of inventory with 3.3% vacancy. Data sourced from various MLS platforms.

75.6MSF

Inventory

3.6MSF

Available

3.3%

Vacancy

4.7%

Availability Rate

$14.30

Asking Rent

-1.8%

Rent Growth

1.0MSF

12mo Absorption

1.6MSF

Under Construction

Market Metrics

12mo Delivered

923K SF

Under Constr % of Inv

2.1%%

Sale Price/SF

$318

Cap Rate

4.2%%

12mo Sales Volume

$265,485,874

Sales Vol Growth

-51.4%

Asset Value

$24,520,256,666

Net Absorption

+1.0M SF

Data Centre Development Potential

Moderate vacancy (3.3%) in Surrey/Langley suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 1.6M SF indicates developer confidence in the submarket. Positive net absorption of 1.0M SF over the past 12 months signals healthy demand fundamentals.

Other Submarkets in Vancouver CAN

Delta/Richmond

85.6M SF4.3% vac$13.71

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.