Tri-Cities, New West & Ridge Meadows

Vancouver CAN - Industrial Submarket

Industrial real estate intelligence for the Tri-Cities, New West & Ridge Meadows submarket. 35.3M SF of inventory with 4.1% vacancy. Data sourced from various MLS platforms.

35.3MSF

Inventory

1.6MSF

Available

4.1%

Vacancy

4.6%

Availability Rate

$14.15

Asking Rent

-2.3%

Rent Growth

358KSF

12mo Absorption

187KSF

Under Construction

Market Metrics

12mo Delivered

340K SF

Under Constr % of Inv

0.5%%

Sale Price/SF

$316

Cap Rate

4.2%%

12mo Sales Volume

$121,104,134

Sales Vol Growth

-18.2%

Asset Value

$11,218,323,409

Net Absorption

+358K SF

Data Centre Development Potential

Moderate vacancy (4.1%) in Tri-Cities, New West & Ridge Meadows suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 187K SF indicates developer confidence in the submarket. Positive net absorption of 358K 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

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.