{"id":10466,"date":"2018-10-07T10:10:26","date_gmt":"2018-10-07T17:10:26","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=10466"},"modified":"2018-10-01T10:38:11","modified_gmt":"2018-10-01T17:38:11","slug":"vancouver-commercial-real-estate-market-generated-3-2b-worth-during-q2-2018","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/10\/vancouver-commercial-real-estate-market-generated-3-2b-worth-during-q2-2018\/","title":{"rendered":"Vancouver Commercial Real Estate Market Generated $3.2B Worth During Q2 2018"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver\u2019s commercial real estate investment market yielded $3.2 billion worth of deals during Q2 2018, according to CBRE Ltd.<\/p>\n<p style=\"text-align: justify;\">This was propelled by activity involving Vancouver-based Pure Industrial Real Estate Trust, which \u2013 together with Canadian REIT \u2013 represented nearly half of the $16.5 billion national commercial investment volume in that quarter.<\/p>\n<p style=\"text-align: justify;\">Other highlights included a growing number of suburban office deals, along with a major purchase of Investors Group\u2019s nine office properties in Metro Vancouver.<\/p>\n<p style=\"text-align: justify;\">The report followed another CBRE analysis released last month, which pointed at Vancouver as the strongest industrial real estate market across the globe.<\/p>\n<p style=\"text-align: justify;\">The study attributed this to exceptional demand in the warehouse segment. The city\u2019s lease rates grew by 29% year-over-year in Q1 2018, significantly above the worldwide average of 3% in that quarter, Bloomberg reported.<\/p>\n<p style=\"text-align: justify;\">\u201cIndustrial previously was almost like a forgotten asset class,\u201d CBRE Vancouver vice president and sales manager Jason Kiselbach said. \u201cBut we haven\u2019t even scratched the surface of the demand that\u2019s going to continue to grow and put more pressure on the industrial market.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cThese rising lease rates really speak to the strength of the economy &#8211; the growth in population, consumer spending.\u201d<\/p>\n<p style=\"text-align: justify;\">Overall commercial investment activity for the first half of 2018 was $5.6 billion, the market\u2019s second highest volume since 2013.<\/p>\n<p style=\"text-align: justify;\">Together, these developments have put the city on a smooth track towards a high-performance year.<\/p>\n<p style=\"text-align: justify;\">\u201cThis is as busy as we\u2019ve ever been in Vancouver,\u201d CBRE vice chairman of capital markets Tony Quattrin told Business in Vancouver. \u201cThe pipeline continues to show signs this will be a record year.\u201d<\/p>\n<p><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/vancouver-commercial-segment-generates-3-2b-in-investment-activity-248481.aspx\" target=\"_blank\" rel=\"noopener\">Vancouver Commercial Segment Generates $3.2B in Investment Activity<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver\u2019s commercial real estate investment market yielded $3.2 billion worth of deals during Q2 2018, according to CBRE Ltd. This was propelled by activity involving Vancouver-based Pure Industrial Real Estate &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/10\/vancouver-commercial-real-estate-market-generated-3-2b-worth-during-q2-2018\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-10466","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vancouver Commercial Real Estate Market Generated $3.2B Worth During Q2 2018 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/10\/vancouver-commercial-real-estate-market-generated-3-2b-worth-during-q2-2018\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Commercial Real Estate Market Generated $3.2B Worth During Q2 2018 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver\u2019s commercial real estate investment market yielded $3.2 billion worth of deals during Q2 2018, according to CBRE Ltd. 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